Stock Market

Corporate Result: Fauji Fertilizer Company Annual Earnings observe growth of 72%

In a latest notification to the PSX, the Fauji Fertilizer Company Ltd (PSX:FFC) announced the result for the year ended December 31, 2020. The company announced the Profit After Tax of Rs.29.7Bn, showing a growth of 72% YoY basis. The Eanring Per Share (EPS) clocked in at Rs. 23.38. The company earning were increased as […]

Stock Market

HUBC’s subsidiary & Central Power Purchasing Agency signed an agreement in furtherance of the MoU

In a latest ntoification to the Pakistan Stcok Exchange, the Hub Power Company Limited (HUBC) announced that the Narowal Energy Limited (a wholly-owned subsidiary of HUBC under the 2002 Power Policy) and Central Power Purchasing Agency (Guarantee) Limited (Power Purchaser) have initialed an agreement in furtherance of the Memorandum of Understanding dated 12th August 2020. Under […]

Stock Market

Hira Textile Mills shares progress of newly launched special Melange Yarn

Hirat Textile Mills Limited (PSX: HIRAT) has launched a special type of Yarn i.e. Melange Yarn in October 2020. Out of Total Yarn, 40% of the Melange yarn was produced & sold to Export Oriented Units. The units includes the following: Style Textile Mills Sapphire Textile Mills Limited Shahkam Industries Azad International Clothing (PVT) Ltd. […]

Stock Market

SAZEW sales surged by 22.9% on MoM basis

In a latest notification to the Stock Exchange, the Sazgar Engineering Works Limited (PSX:SAZEW) announced the production & sales data for the month of December 2020. SAZEW Production Units were recorded at 1,608 units, showing a rise of 30% on Monthly basis. While 991 units were sold as compared to the 806 units sold in […]

PSX Stock Market

Service Global Footwear Ltd enters as shareholder in JV for Greenfield Project

In a latest notification to the PSX, Service Global Footwear Limited (`SGFL’) a subsidiary of Service Industries Limited (SRVI) will be included as a shareholder in Joint venture project, Service Long March Tyres (Private) Limited (‘SLM’), incorporated in terms of Joint Venture Agreement executed amongst the Company, Chaoyang Long March Tyre Co., Ltd (LM) of […]

PSX Stock Market

SECP enlisted Investors Hub (Ascamo Analytics Pvt Ltd) in list of Notified Research Entities

Investors Hub is a brand of Ascamo Analytics (Pvt) Limited. It provides financial analytics and digital solutions to the entities of the capital markets. By the Grace of Allah Almighty, the Securities Exchange and Commission of Pakistan (SECP) has enlisted the Investors Hub, a brand of Ascamo Analytics (Private) Limited in the list of Notified […]

Stock Market

ANL finalized & approved the sale of lands related to the FPR unit worth Rs. 825Mn

In a latest notification to PSX, Azgard Nine Limited (ANL),has announced that the Agent Banks of Creditors have finalized and approved the sale of lands related to the FPR unit including all plant, equipment and installments thereon at a price of PKR 825 million. The company, on the demand of Agent Banks of Creditors, has […]

Stock Market

MFL approved the business plan of the Corn-Starch business

In a latest ntification to PSX, Matco Foods Limited (MFL) has approved the business plan of the Corn-Starch business in Allama Iqbal Industrial Estate SZE, which shall be financed through mixed of debt and Equity. The estimated cost of the business plan is as follow: Please follow and like us:

Stock Market

GLPL to increase its authorized capital from Rs. 200Mn to Rs. 400Mn

In a latest notifictaion to the PSX, Gillette Pakistan Limited (PSX:GLPL), has resolved that the authorized capital of the company to be increased from Rs. 200 million divided into 20 million ordinary shares of Rs. 10 each to Rs. 400 million divided into 40 million ordinary shares of Rs. 10 each. It has been further […]

IT Stock Market

NETSOL’s sister concern in China has signed an agreement with a Global automotive financial services company

In a latest notification to PSX, NETSOL’s sister concern in China has signed an agreement with a global automotive financial services company to upgrade from the Company’s legacy NFS system to its premier, next-generation Ascent® platform. This multi-million-dollar agreement includes licensing, implementation and support services including comprehensive data migration from the old system to the […]