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

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BAHL gets approval to close down Seychelles branch

September 14, 2021 (MLN): Bank AL Habib (BAHL) Limited has announced that the bank has received State Bank of Pakistan (SBP's) in-principle approval for closure of Bank AL Habib Limited (the Bank) Seychelles Branch Operations.

Beco Steel Ltd commences steel related operations

September 14, 2021 (MLN): Beco Steel Limited (formerly Ravi Textile Mills Limited) under a new management team has started steel-related operations on a toll manufacturing basis. An agreement was signed in May 2021 between Beco

Telecard plans to list SNL on PSX

September 14, 2021 (MLN): The Board of Directors of Telecard Limited in its meeting held today, has decided that its subsidiary, Supernet Limited (SNL) may be listed on PSX by offering its shares to the

PSX Closing Bell: Fugue state

September 13, 2021 (MLN): The local bourse witnessed volatile session today as the benchmark KSE-100 index oscillated between green and red zone, posting intraday high of 47,370 points and an intraday low of 47,168 points

HTL: Profits grow massively

September 13, 2021 (MLN): Hi-Tech Lubricants Limited (HTL) has declared net profits of Rs651.49mn for FY21, which was 5.3x higher than the profits of Rs121.6mn reported in the previous fiscal year. In line with profits,

TPLP to sell its developmental assets to REIT Fund

September 13, 2021 (MLN): The Board of Directors of TPL Properties (TPLP), has given in-principle approval for selling its developmental assets either directly or through SPVs to the REIT Fund to be managed by TPL

THALL enjoys whopping 83% growth in net profits

September 13, 2021 (MLN): Thall Limited (THALL), a diversified conglomerate engaged in the manufacture of Engineering, Building and Packaging products, today has announced its financial statement for the fiscal year 2021. The company has made

NCCPL defers implementation of approved amendments in MF system

September 13, 2021(MLN): National Clearing Company of Pakistan Limited (NCCPL) has announced that implementation of approved amendments in the company’s regulations 2015 pertaining to reforms in Margin Financing System (MFS) has been deferred till September

Weekly Market Roundup

September 12, 2021 (MLN): This week the benchmark KSE-100 index gained nearly 240 points (0.5% WoW) and closed at 47,198 level. The major event during the outgoing week was the MSCI decision to downgrade Pakistan from

PSX Closing Bell: Eight Miles High

September 10, 2021(MLN): The bullish momentum continued at the local bourse on Friday that supported the benchmark KSE-100 index to extend its advance by 573.17 points to settle at 47,198.29, driven by encouraging workers’ remittances

Airlink IPO: GP portion oversubscribed by 3.35mn shares

September 10, 2021 (MLN): JS Global Capital Limited (JSCL) has informed through a notice to PSX that the General Public (GP) portion under Initial Public Offering (IPO) of Airlink Communication Limited has been oversubscribed by

PSO aims to reach 50% market share in OMC space

September 10, 2021 (MLN): Pakistan State Oil Company Limited (PSO) has aimed to reach a 50% market share in Oil and Marketing Companies (OMC) space as it expects MS and HSD demand to grow by

BankIslami Pakistan wins restitution claim in USA Court

September 10, 2021: BankIslami, Pakistan’s leading Islamic finance institution, has emerged victorious and won a restitution case in the US as one of the victims of cybercrime that occurred in 2018. This is a significant

BAHL gets approval to close down Seychelles branch

September 14, 2021 (MLN): Bank AL Habib (BAHL) Limited has announced that the bank has received State Bank of Pakistan (SBP's) in-principle approval for closure of Bank AL Habib Limited (the Bank) Seychelles Branch Operations.

Beco Steel Ltd commences steel related operations

September 14, 2021 (MLN): Beco Steel Limited (formerly Ravi Textile Mills Limited) under a new management team has started steel-related operations on a toll manufacturing basis. An agreement was signed in May 2021 between Beco

Telecard plans to list SNL on PSX

September 14, 2021 (MLN): The Board of Directors of Telecard Limited in its meeting held today, has decided that its subsidiary, Supernet Limited (SNL) may be listed on PSX by offering its shares to the

PSX Closing Bell: Fugue state

September 13, 2021 (MLN): The local bourse witnessed volatile session today as the benchmark KSE-100 index oscillated between green and red zone, posting intraday high of 47,370 points and an intraday low of 47,168 points

HTL: Profits grow massively

September 13, 2021 (MLN): Hi-Tech Lubricants Limited (HTL) has declared net profits of Rs651.49mn for FY21, which was 5.3x higher than the profits of Rs121.6mn reported in the previous fiscal year. In line with profits,

TPLP to sell its developmental assets to REIT Fund

September 13, 2021 (MLN): The Board of Directors of TPL Properties (TPLP), has given in-principle approval for selling its developmental assets either directly or through SPVs to the REIT Fund to be managed by TPL

THALL enjoys whopping 83% growth in net profits

September 13, 2021 (MLN): Thall Limited (THALL), a diversified conglomerate engaged in the manufacture of Engineering, Building and Packaging products, today has announced its financial statement for the fiscal year 2021. The company has made

NCCPL defers implementation of approved amendments in MF system

September 13, 2021(MLN): National Clearing Company of Pakistan Limited (NCCPL) has announced that implementation of approved amendments in the company’s regulations 2015 pertaining to reforms in Margin Financing System (MFS) has been deferred till September

Weekly Market Roundup

September 12, 2021 (MLN): This week the benchmark KSE-100 index gained nearly 240 points (0.5% WoW) and closed at 47,198 level. The major event during the outgoing week was the MSCI decision to downgrade Pakistan from

PSX Closing Bell: Eight Miles High

September 10, 2021(MLN): The bullish momentum continued at the local bourse on Friday that supported the benchmark KSE-100 index to extend its advance by 573.17 points to settle at 47,198.29, driven by encouraging workers’ remittances

Airlink IPO: GP portion oversubscribed by 3.35mn shares

September 10, 2021 (MLN): JS Global Capital Limited (JSCL) has informed through a notice to PSX that the General Public (GP) portion under Initial Public Offering (IPO) of Airlink Communication Limited has been oversubscribed by

PSO aims to reach 50% market share in OMC space

September 10, 2021 (MLN): Pakistan State Oil Company Limited (PSO) has aimed to reach a 50% market share in Oil and Marketing Companies (OMC) space as it expects MS and HSD demand to grow by

BankIslami Pakistan wins restitution claim in USA Court

September 10, 2021: BankIslami, Pakistan’s leading Islamic finance institution, has emerged victorious and won a restitution case in the US as one of the victims of cybercrime that occurred in 2018. This is a significant