Tag Archives: Shares

Govt divesting its shares in PSEs, MD KSE

Government is moving more actively towards the divestment of its shares in Public Sector Enterprises (PSEs) through primary and secondary offerings in the local stock markets. “This would help increase the depth

221,205,688 PPL shares up for grabs

The Privatisation Commission (PC) is inviting Expression of Interest (EOI) from Lead Managers and Book Runners, for the Secondary Public Offering of Pakistan Petroleum Limited (PPL), which is approximately 2.5 per cent

McIlroy shares lead with Noren in Malaysia

KUALA LUMPUR – Rory McIlroy fired a second round eight-under-par 64 to soar joint top of the Malaysian Open on Friday, defying the jet-lag and exhaustion that nearly got the better of US Masters winner Charl Schwartzel. Both the players flew halfway across the globe from Augusta, where Schwartzel won his Green Jacket and McIlroy blew a four-shot final-round lead, to land here without their clubs that cost them precious practice rounds.
The sleep-deprived golfers responded

Arsenal fans urged not to sell shares to Kroenke

LONDON – Arsenal supporters who own shares in the club are being told not to sell to American billionaire Stan Kroenke, who this week agreed a takeover deal. “The AST (Arsenal Supporters Trust) and Arsenal Fanshare scheme will not be selling the shares it owns and urges all supporters to reject this offer,” said the AST in a statement.
“Arsenal is too important to be owned by any one person. The AST wants to work with Stan Kroenke to keep Arsenal supporters involved in the club’s

India shares Samjutha Express blast case investigation report

ISLAMABAD – In secretary talks between Pakistan and Indian, India provided information on the on-going Samjhautha Express blast case investigation. It was also agreed that after filing of report in the court, updated information will be shared with the concerned Pakistan authorities.
According to Foreign Office, Indian and Pakistan in secretary level talks shared the concern of the growing menace of Narcotics/Drugs and agreed that cooperation between NCB of India and ANF of

Meezan Bank sanctions bonus shares

KARACHI – The 15th Annual General Meeting (AGM) of Meezan Bank Limited approved 15 percent bonus shares for 2010, continuing the bank’s unbroken payout record since the bank’s date of listing on the Karachi Stock Exchange (KSE). This will increase the Bank’s paid up capital to Rs 8.0 billion which will meet State Bank of Pakistan’s minimum capital requirement for 2011.
President and CEO Irfan Siddiqui chaired the meeting that was attended by Chief Operating Officer Ariful Islam,

HBL shares in NJLI rise to 18 percent

KARACHI – Habib Bank Limited (HBL), one of the country’s leading commercial banks, has acquired some nine percent more ordinary shares in the New Jublee Life Insurance Company Limited (NJLI). The fresh acquisition of 5.4 million more ordinary stocks has increased the aggregate shareholding in the insurance company to 17.95 percent.
In September last year, HBL acquired additional 5.4 million ordinary shares of the NJIL at Rs 10 each, the bank informed its shareholders at Karachi

Government to raise $2b from shares of banks, energy companies

ISLAMABAD – The government plans to raise $ 2 billion by offloading shares of banks and energy companies on the local stock exchanges as well as exchangeable bonds in the international markets to bridge the rising fiscal deficit during the current fiscal year. Privatisation Minister Syed Naveed Qamar said in a statement that the government would offload some of its shares in the National Bank of Pakistan (NBP), Habib Bank Limited (HBL), Kot Addu Power Company (KAPCO) and Pakistan

FFCL will boost capital shares by Rs 5 billion

KARACHI – The country’s leading fertiliser manufacturing company, Fauji Fertiliser Company Limited (FFCL), has decided to increase its Authorised Share Capital (ASC) by Rs 5.0 billion, Pakistan Today learnt Friday.
The urea giant is also planning to capitalise over Rs 1.696 billion out of the company’s reserves to be applied for the issuance of some 169,631,766 ordinary shares valued at Rs 10 each. The FFCL, which contributes over 40 percent in the country’s urea production, has

Casey shares lead with Hanson in Bahrain

RIFFA – Ryder Cup duo Paul Casey of England and Sweden’s Peter Hanson shared a one shot lead at 16 under par after the penultimate round of the European Tour’s inaugural 1.7 million euro Volvo Golf Champions here on Saturday. Casey made four birdies and an eagle in a bogey-free round of six-under par 66, while Hanson started with a three-putt bogey on the first hole before making a similar number of birdies and an eagle as Casey for a 67. That gave the European Ryder Cup winning duo a

Naveed Qamar distributes shares certificates

ISLAMABAD – A ceremony to distribute shares certificates under the (BESOS) Benazir Employees Stock Option Scheme Ceremony was held on December, 28 2010 at the Convention Centre Islamabad.
The occasion was graced by Minster for Petroleum and Natural Resources Naveed Qamar, Minister for Labour and Manpower Khurshaid Shah, Chaudhary Manzoor, Faisal Karim Kundi, MNA Yasmeen Rehman and Sui Northern Gas Pipeline Limited Managing Director Abdur Rasheed Lone.
Naveed Qamar

PTCL shares experience slow growth

KARACHI: Pakistan Telecommunication Company Limited (PTCL) has shown laggard price performance with share price up 2.4 percent in the quarter to date, compared to the broader market rise of 17.7 percent, mainly due to margin erosion particularly on salary concerns. Moreover, the delays in Universal Service Fund (USF) projects amid flood damages and bureaucratic issues in USF setup, lack of development on the resolution of the real estate issue, and Etisalat’s expected increase in its

OPI Gas acquires 67.91 percent shares of Shell Gas LPG Pakistan

KARACHI: OPI Gas has formally acquired a major share of Shell Petroleum Company’s i.e. 67.91 percent in Shell Gas LPG Pakistan Limited. The Share Purchase Agreement between OPI Gas and Shell Petroleum was signed in June this year, following a bidding process from which OPI Gas emerged successful.
The share transfer was made officially in the board meeting of Shell Gas LPG Pakistan, which was held at a t Hashoo Group Karachi office.
The share transfer has taken place