Dewan Farooque Motors shifted to Normal Counter: PSX

News Image

By Nilam Bano | January 01, 2023 at 05:18 PM GMT+05:00

0:00

January 01, 2023 (MLN): Pakistan Stock Exchange (PSX) has shifted Dewan Farooque Motors Limited (DFML) from “Defaulters’ Segment” to “Normal Counter” with effect from Monday, January 02, 2023, as the Securities Exchange Commission of Pakistan (SECP) dropped the winding-up proceedings initiated against the company, the notification issued by PSX revealed.

Further, the auditor of DFML, Feroze Sharif Tariq and Company, Chartered Accountants has shared the certificate, stating that the substantial measures and various arrangements undertaken by DFML subsequent to its execution of the Technical License Agreement with KIA Corporation, Seoul, Republic of Korea, lead to reverse the adverse opinion expressed by them on the financial statements for the year ended June 30, 2022.

Hence, DFML has rectified the non-compliances with PSX Regulations.

DFML has been advised to ensure meticulous compliance with all applicable rules and regulations so that the interests of minority shareholders remain protected at all times, the notice added. 

Copyright Mettis Link News   

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,735.00 110,965.00
109,200.00
-550.00
-0.50%
BRENT CRUDE 69.04 69.14
68.32
-0.07
-0.10%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 109.15 109.80
109.15
0.15
0.14%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.46 67.58
66.65
0.01
0.01%
SUGAR #11 WORLD 16.15 16.20
15.44
0.57
3.66%

Chart of the Day


Latest News
July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground


July 03, 2025 at 04:00 PM GMT+05:00

PKR strengthens 9 paisa against USD



Top 5 things to watch in this week

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