Another plant shutdown: Frontier Ceramics closes floor tile production

MG News | December 12, 2022 at 01:42 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 12, 2022 (MLN): Amid the ongoing energy crisis another company on the bourse, Frontier Ceramics Limited (FRCL) has decided to shut down its floor tile production plant for an uncertain period.

The company in its notification issued to PSX stated, “The unforeseen devaluation of rupee coupled with the government's restrictions, including letter of credit (LC) approval constraints and general economic instability are also the reasons behind the decision.”

FRCL will keep the bourse posted about the resumption of the plant.

At the time of writing, the scrip of the company is being traded at Rs25.96, which is down by Rs1.05 or 3.88% DoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,685.00	63,700.00 63,430.00	25.00 0.04%
BRENT CRUDE	86.80	89.90 85.80	-3.58 -3.96%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	1.10 0.90%
ROTTERDAM COAL MONTHLY	131.00	131.00 130.00	-1.75 -1.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	84.29	87.23 83.20	-3.42 -3.90%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%