Karachi, IGI Life Insurance Limited has announced its Annual General Meeting (AGM) will occur on April 22, 2024, with a start time of 2:00 PM, in Karachi. Alongside this, the company has slated April 29, 2024, for the closure of its transfer books. This gathering is an essential part of the company’s yearly schedule, allowing stakeholders to be informed about and discuss the firm’s performance and strategies.
Crescent Steel & Allied Products Limited Sets AGM Date
Karachi, Crescent Steel & Allied Products Limited has informed shareholders of the transfer books closure, scheduled from January 22, 2024, to January 29, 2024. The company has not provided a BC-2 start date. Additionally, Crescent Steel & Allied Products Limited will hold its Annual General Meeting on January 29, 2024, at 11:00 am. The meeting is expected to cover significant operational aspects and shareholder interests.
AL-Abbas Sugar Mills Limited Announces AGM and Book Closure Dates
Karachi, AL-Abbas Sugar Mills Limited has notified its shareholders about the book closure and Annual General Meeting (AGM) dates. The transfer books of the company will be closed from January 18 to January 25, 2024. The AGM is planned for January 25, 2024, at 11:30 AM. The closure of transfer books is an important period for the company’s shareholders, as it will temporarily halt the registration of share transfers. The AGM will focus on reviewing the company’s performance and discussing future directions.
Sanghar Sugar Mills Ltd. Sets AGM Date
Karachi, Sanghar Sugar Mills Ltd. has announced its Annual General Meeting (AGM) scheduled for January 27, 2024, at 1:00 PM. This meeting will provide a significant opportunity for shareholders to discuss the company’s performance and future strategies.
K-Electric Limited (KELSC5) to Close Transfer Books
Karachi, K-Electric Limited (KELSC5) has announced the closure of its transfer books from January 24, 2024, to February 2, 2024. The company has not specified any dates for its Annual General Meeting or Extraordinary General Meeting. This period is significant for shareholders in anticipation of future corporate announcements.
Pakistan Stock Exchange Records Positive Trends with Increases in Major Indices
Karachi, The Pakistan Stock Exchange (PSE) showcased a positive trend in its latest market report for January 22, 2024, reflecting significant increases in major indices, alongside fluctuations in company performances.
The report indicated a total of 524 companies listed on the main board with a listed paid-up capital of 1,669,727 million. The market capitalisation was noted at 9,361,393,671,271, with a traded volume of 298,699,061 and a traded value of 12,515,231,336. In terms of company performances, 140 companies were listed as advancers, 171 as decliners, and 24 remained neutral out of a total of 335 companies. </p> <p> In the segment of publicly issued debt securities, there were 13 listed debt securities with a total issue size of 70,000,000,000. For privately placed debt securities, 23 listed debt securities were reported with a significantly higher total issue size of 513,013,300,000. Additionally, the exchange listed 8 open-end mutual funds.
The report detailed the performance of various indices, including KSE-100, KSE-ALL-Shares, KSE-30, KMI-30, BKTi, OGTi, PSX-KMI-All-Shares, PSXDIV20, UPP9, NITPGI, NBPPGI, MZNPI, JSMFI, ACI, JSGBKTI, and HBLTTI. Notably, the KSE-100 index rose from 63,282.23 to 63,939.41, marking a change of 657.18 points or a 1.04% increase. Similarly, the KSE-30 index showed a notable increase of 326.05 points or 1.53%, moving from 21,275.21 to 21,601.26. </p> <p> The KMI-30 index, tracking the performance of the Karachi Meezan Index, also showed a significant rise from 106,569.45 to 108,352.99, an increase of 1,783.54 points or 1.67%. The Oil and Gas sector index (OGTi) recorded the highest percentage change among the indices, with a 4.75% increase, moving from 16,112.55 to 16,877.10.
Other indices such as the PSXDIV20, UPP9, NITPGI, NBPPGI, MZNPI, JSMFI, ACI, and JSGBKTI also reported positive changes. The HBLTTI index, as of January 19, 2024, showed a marginal increase of 11.39 points or 0.09%.
The overall positive trends in the major indices of the Pakistan Stock Exchange indicate a robust performance for the day, with variances observed across different sectors and indices.
Jauharabad Sugar Mills Limited Announces 10% Final Dividend
Karachi, Jauharabad Sugar Mills Limited has declared a 10% final dividend for its shareholders. The company’s transfer books will be closed from January 20 to January 27, 2024. The BC-2 Start Date is January 18, 2024, with an Ex-Price date of January 27, 2024. An Extraordinary General Meeting (EOGM) is scheduled for January 27 at 11:00 AM.