Transaction of 10,000 shares of Biafo Industries Limited

General Press Release

Karachi, Biafo Industries Limited informed Pakistan Stock Exchange about transaction of shares of the company. 10,000 shares @ Rs. 300 per share were bought from the market on November 17, 2016 through CDC.

Biafo Industries Limited was incorporated in Pakistan on September 7, 1988 as a public limited company. The foundation of the company is laid under the Companies Ordinance, 1984. The company started its commercial production on July 01, 1994. The principal activities of the company is engaging in the manufacturing of commercial explosives and blasting accessories including detonators and other materials. The shares of the company are quoted on the Karachi and Islamabad Stock Exchanges. The registered office is located at Islamabad. The industrial undertaking of the company is located at Khyber Pakhtunkhwa.

The symbol “BIAFO” is being used by the stock exchanges for the shares of Biafo Industries Limited.