DSL clarifies CSIL’s false claim of Rs5bn investment

15:30
November 14, 2022

November 14, 2022 (MLN): Dost Steels Limited (DSL) clarified a recent false claim made by Crescent Star Insurance Limited (CSIL) that the company is investing Rs5 billion for integration in a billet furnace, the company’s filings on the stock exchange showed on Monday.

To recall, on 3RD Nov’22 CSIL in its letter to PSX announced that the director of DSL during floor discussion revealed a new investment of more than Rs5bn in the company for backward integration of billet furnace, working capital, and other requirements.

“There is no such proposition of investment currently under discussion by the company except for the investment by a group of investors for which shareholders' approval has been obtained in EOGM on 10 Feb 2022 and the company's application to SEC for approval is pending”, the company clarified.

In addition, DSL has applied to LESCO for disconnection of its B-4 132 KV Electricity connection due to financial constraints faced by the company.

Copyright Mettis Link News

Posted on: 2022-11-14T14:58:19+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06690	1.06720	1.06720	1.06690	12:10 AM
3	GBP	1.23680	1.23700	1.23700	1.23680	12:10 AM
4	CHF	0.91026	0.91075	0.91074	0.91026	12:29 AM
5	JPY	154.62000	154.63000	154.63000	154.62000	12:10 AM
6	CAD	1.37970	1.38020	1.38020	1.37970	12:10 AM
7	AUD	0.64140	0.64180	0.64180	0.64140	12:10 AM
8	INR	83.37020	83.37070	83.37070	83.37020	08:00 PM
9	SAR	3.75120	3.75140	3.75140	3.75120	09:30 AM
10	AED	3.67220	3.67320	3.67320	3.67220	01:57 AM
11	HKD	7.83130	7.83140	7.83140	7.83130	12:10 AM
12	CNH	7.23884	7.23892	7.23892	7.23884	08:00 PM
13	CNY	7.24030	7.24040	7.24040	7.24030	07:10 PM
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19	MXN	17.08550	17.11550	17.11550	17.08550	12:10 AM
20	TRY	32.48060	32.49060	32.49060	32.48060	08:00 PM
21	SEK	10.89960	10.92770	10.92770	10.89960	12:10 AM
22	ZAR	18.77030	19.81930	19.81933	18.77031	12:10 AM
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24	DKK	7.00130	7.00230	7.00230	7.00130	11:19 PM
25	ARS	870.10300	870.11100	870.11115	870.10271	12:29 AM
26	BDT	108.06500	111.44600	111.44612	108.06470	08:00 PM
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31	LKR	298.75800	305.33300	305.33326	298.75827	08:00 PM
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42	NGN	1,149.00000	1,153.00000	1,153.00000	1,149.00000	08:00 PM
43	KES	133.00000	134.00000	134.00000	133.00000	08:00 PM
44	AMD	392.60000	392.60000	392.60000	392.60000	08:00 PM
45	TWD	32.53300	32.53900	32.53900	32.53300	08:00 PM
46	XAU	2,390.01000	2,391.71000	2,391.71000	2,390.01000	10:45 PM
47	XAG	28.65580	28.68580	28.68580	28.65580	10:45 PM
48	XPT	931.58700	937.31300	937.31280	931.58720	02:00 AM
49	XPD	1,026.51000	1,034.34000	1,034.33590	1,026.50920	02:00 AM
2,120	VES	36.25120	36.34210	36.34210	36.25125	08:00 PM
2,212	UGX	3,768.41000	3,852.95000	3,852.94560	3,768.40998	08:00 PM
2,213	TZS	2,591.49000	2,591.51000	2,591.51500	2,591.48500	08:00 PM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
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KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,956,005.0	11,119,881,421.450	19/04/2024 05:13 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,804,569.0	19,951,289,708.390	19/04/2024 05:13 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,782,769.0	1,601,100,031.210	19/04/2024 05:13 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,610,174.0	1,842,349,761.040	19/04/2024 05:13 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,150.0	65,640.0	59,635.0	490.00
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USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.1	85.6	81.1	0.01
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