BCL halts production amid drop in orders, payment delays

MG News | August 23, 2024 at 03:33 PM GMT+05:00

0:00

August 23, 2024 (MLN): Bolan Castings Limited (PSX: BCL) has decided to halt its production activities starting Monday, August 26, 2024, until further notice.

The company announced this decision in a notice issued to the Pakistan Stock Exchange (PSX) today, citing a significant drop in customer orders as the primary reason.

Additionally, delays in payment from its main customer are causing severe financial strain to the company.

At the time of writing, the company's scrip is being traded at Rs96, down by Rs8.32 or 7.97% compared to yesterday's close.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	139,390.42 291.21M	0.71% 978.17
ALLSHR	86,260.96 576.29M	0.65% 558.00
KSE30	42,618.60 119.41M	0.86% 363.76
KMI30	196,907.86 123.77M	1.44% 2798.27
KMIALLSHR	57,276.87 259.26M	0.99% 563.20
BKTi	37,820.27 20.77M	-0.03% -11.06
OGTi	28,214.64 47.07M	2.82% 774.00

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,690.00	119,785.00 117,905.00	1070.00 0.91%
BRENT CRUDE	71.81	72.82 71.60	-0.66 -0.91%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	69.38	70.41 69.21	-0.62 -0.89%
SUGAR #11 WORLD	16.44	16.61 16.28	-0.01 -0.06%