HTL gets more time to set up OMC as OGRA extends license

MG News | February 15, 2024 at 03:35 PM GMT+05:00

0:00

February 15, 2024 (MLN): The Oil and Gas Regulatory Authority (OGRA) has extended the provisional license for the establishment of an Oil Marketing Company (OMC) by Hi-Tech Lubricants Limited (PSX: HTL) until December 31, 2025, according to the latest notice issued by HTL today.

HTL primarily engages in procuring and distributing lubricants and petroleum products.

As of the time of writing, the company’s stock is being traded at Rs23.26 per share,with a decrease of more than 11% year-to-date.

The company currently holds a market capitalization of Rs3.24 billion. In the year 2023, HTL incurred a loss of Rs93.4 million.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	187,033.27 703.36M	-0.84% -1588.52
ALLSHR	112,355.64 1,322.41M	-0.80% -909.82
KSE30	57,253.65 170.47M	-0.83% -477.72
KMI30	264,339.24 259.66M	-0.84% -2232.30
KMIALLSHR	72,280.61 865.86M	-0.69% -504.24
BKTi	53,720.25 43.65M	-1.13% -611.48
OGTi	39,202.65 25.16M	0.13% 50.73

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,135.00	90,600.00 87,875.00	470.00 0.52%
BRENT CRUDE	64.97	65.41 63.61	0.05 0.08%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.85 -2.09%
ROTTERDAM COAL MONTHLY	98.75	98.75 98.50	0.90 0.92%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	60.44	60.89 59.22	0.08 0.13%
SUGAR #11 WORLD	14.87	14.90 14.66	0.15 1.02%