Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Altern Energy Limited announces dividend at 185%

December 20, 2021 (MLN): Altern Energy Limited has announced the interim dividend on ordinary shares at the rate of Rs. 18.5 per share i.e. 185%, the management of Crescent Steel and Allied Products Limited (CSAP) notified

Al-Abbas Sugar’s distillery unit resumes

December 20, 2021 (MLN): The management of Al-Abbas Sugar Limited informed the Pakistan Stock Exchange (PSX) today that out of two units one of the distillery units has resumed its operation. To recall, the production

FATIMA likely to acquire 84.5% shares of Samba Bank

December 20, 2021 (MLN): The board of directors of Fatima Fertilizer Company Limited (FATIMA) has approved to evaluate and pursue (including as part of a consortium of parties) the potential acquisition of around 84.51% shareholding

TRGP decides to continue its investment in TRGI

December 20, 2021 (MLN): The Board of Directors (BoD) of TRG Pakistan Ltd. (TRGP) decided to continue with its investment in the Resource Group International Limited (TRGI) in order to maximize the value and capital

Weekly Market Roundup

December 19, 2021 (MLN): This week domestic equities closed up by 1.16% or 504.9 points WoW to 43,900 level. The optimism was mainly the result of near-term outlook by the State bank of Pakistan to

PSX Closing Bell: Open Range

Dec 17, 2021 (MNL): Following yesterday’s sell off, market staged a comeback today with a 169 points gains and closed at 43,901 level. However, market remained range bound throughout the day today amid lack of

GTYR renamed Ghandhara Tyre and Rubber Company Ltd

December 17, 2021 (MLN): The name of General Tyre and Rubber (PSX: GTYR) has been changed to Ghandhara Tyre and Rubber Company Limited, company filing on PSX showed today. The company has received the certificate

LPL, PKGP declare 20% cash dividend for CY21

December 17, 2021 (MLN): Lalpir Power Limited and Pakgen Power Limited both have announced a 2nd interim cash dividend of Re.1 per share i.e., 10%, taking cumulative cash dividend to Rs2 per share for the

TRG’s board meeting: Buyback or cash dividend?

December 17, 2021 (MLN): Following the recent allocation of $120mn to its TRG’s shareholders, TRG can either distribute it through cash dividend or announce a buy-back. Since TRG has convened a board meeting today, investors

DAWH appoints Shamoon Chaudry as CEO

December 17, 2021 (MLN): The Board of Directors of Dawood Hercules Corporation Limited (DAWH) has approved the appointment of Mr. Mohammad Shamoon Chaudry for the position of Chief Executive Officer (CEO) with effect from January

Afiniti names Larry Babbio as CEO

December 17, 2021 (MLN): The Board of Directors (BoD) of Afiniti Ltd. (Afiniti) has appointed Larry Babbio as Afiniti’s next Chief Executive Officer (CEO), the company informed in a press statement issued on Thursday. Mr. Babbio

PSX Closing Bell: The Hidden Reality

December 16, 2021 (MLN): The capital market endured bearish sentiments on Thursday as investors were expecting a decline in cutoff yields. However, the interest rates remained unchanged during yesterday’s T-Bills auction. Moreover, market sources suggest

SNGPL, SSGC inspect 13,388 TBSs

December 16, 2021: The Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) experts, during the last fiscal year, inspected around 13,388 Town Border Stations (TBSs) and rectified 633 stations after finding

Altern Energy Limited announces dividend at 185%

December 20, 2021 (MLN): Altern Energy Limited has announced the interim dividend on ordinary shares at the rate of Rs. 18.5 per share i.e. 185%, the management of Crescent Steel and Allied Products Limited (CSAP) notified

Al-Abbas Sugar’s distillery unit resumes

December 20, 2021 (MLN): The management of Al-Abbas Sugar Limited informed the Pakistan Stock Exchange (PSX) today that out of two units one of the distillery units has resumed its operation. To recall, the production

FATIMA likely to acquire 84.5% shares of Samba Bank

December 20, 2021 (MLN): The board of directors of Fatima Fertilizer Company Limited (FATIMA) has approved to evaluate and pursue (including as part of a consortium of parties) the potential acquisition of around 84.51% shareholding

TRGP decides to continue its investment in TRGI

December 20, 2021 (MLN): The Board of Directors (BoD) of TRG Pakistan Ltd. (TRGP) decided to continue with its investment in the Resource Group International Limited (TRGI) in order to maximize the value and capital

Weekly Market Roundup

December 19, 2021 (MLN): This week domestic equities closed up by 1.16% or 504.9 points WoW to 43,900 level. The optimism was mainly the result of near-term outlook by the State bank of Pakistan to

PSX Closing Bell: Open Range

Dec 17, 2021 (MNL): Following yesterday’s sell off, market staged a comeback today with a 169 points gains and closed at 43,901 level. However, market remained range bound throughout the day today amid lack of

GTYR renamed Ghandhara Tyre and Rubber Company Ltd

December 17, 2021 (MLN): The name of General Tyre and Rubber (PSX: GTYR) has been changed to Ghandhara Tyre and Rubber Company Limited, company filing on PSX showed today. The company has received the certificate

LPL, PKGP declare 20% cash dividend for CY21

December 17, 2021 (MLN): Lalpir Power Limited and Pakgen Power Limited both have announced a 2nd interim cash dividend of Re.1 per share i.e., 10%, taking cumulative cash dividend to Rs2 per share for the

TRG’s board meeting: Buyback or cash dividend?

December 17, 2021 (MLN): Following the recent allocation of $120mn to its TRG’s shareholders, TRG can either distribute it through cash dividend or announce a buy-back. Since TRG has convened a board meeting today, investors

DAWH appoints Shamoon Chaudry as CEO

December 17, 2021 (MLN): The Board of Directors of Dawood Hercules Corporation Limited (DAWH) has approved the appointment of Mr. Mohammad Shamoon Chaudry for the position of Chief Executive Officer (CEO) with effect from January

Afiniti names Larry Babbio as CEO

December 17, 2021 (MLN): The Board of Directors (BoD) of Afiniti Ltd. (Afiniti) has appointed Larry Babbio as Afiniti’s next Chief Executive Officer (CEO), the company informed in a press statement issued on Thursday. Mr. Babbio

PSX Closing Bell: The Hidden Reality

December 16, 2021 (MLN): The capital market endured bearish sentiments on Thursday as investors were expecting a decline in cutoff yields. However, the interest rates remained unchanged during yesterday’s T-Bills auction. Moreover, market sources suggest

SNGPL, SSGC inspect 13,388 TBSs

December 16, 2021: The Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) experts, during the last fiscal year, inspected around 13,388 Town Border Stations (TBSs) and rectified 633 stations after finding