Awwal Modaraba approves business closure, delisting ahead of merger

News Image

MG News | June 06, 2023 at 03:47 PM GMT+05:00

June 06, 2023 (MLN): The board of directors (BoD) of Awwal Modaraba (AWWAL: PSX) has approved the closure of business on June 09, 2023.

This is in reference to their earlier notice dated June 01, 2023, regarding the final and permanent book closure of the certificate transfer register of Awwal Modaraba.

Awwal Modaraba and Awwal Corporate Restructuring Company Limited (ACRCL) are set to undergo a merger through an amalgamation process.

The requirements of PSX with regard to the submission of requisite information/ documents required for delisting are also fulfilled.

The notice further stated that ACRCL would be an unlisted entity under Article 4.01 of the approved Scheme of Arrangement.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 173,962.82
313.69M
1.30%
2237.52
ALLSHR 104,178.62
550.40M
0.93%
964.13
KSE30 52,166.33
164.58M
1.26%
649.19
KMI30 250,496.48
141.11M
1.59%
3930.77
KMIALLSHR 67,844.06
318.73M
1.20%
801.29
BKTi 47,430.11
44.68M
0.28%
130.40
OGTi 36,386.96
9.01M
0.13%
45.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 74,260.00 74,260.00
73,715.00
545.00
0.74%
BRENT CRUDE 91.89 92.95
89.93
-0.81
-0.87%
RICHARDS BAY COAL MONTHLY 117.00 0.00
0.00
-0.75
-0.64%
ROTTERDAM COAL MONTHLY 130.25 131.75
130.00
-0.20
-0.15%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 87.76 89.02
86.35
-1.14
-1.28%
SUGAR #11 WORLD 14.07 14.35
13.90
0.14
1.01%

Chart of the Day


Latest News
May 31, 2026 at 10:59 AM GMT+05:00

Triple crown for Arif Habib Limited


May 31, 2026 at 10:10 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


May 30, 2026 at 04:31 PM GMT+05:00

Weekly Market Roundup


May 29, 2026 at 09:44 PM GMT+05:00

SBP reserves rise $66m to $17.15bn



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg