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

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

Add Mettisglobal as a Trusted Source on Google

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	170,478.94 174.95M	-0.41% -696.57
ALLSHR	102,885.54 725.60M	-0.29% -297.60
KSE30	50,877.61 79.52M	-0.67% -344.88
KMI30	243,917.86 73.26M	-0.62% -1524.88
KMIALLSHR	66,743.35 311.96M	-0.35% -234.16
BKTi	46,317.47 21.24M	-0.81% -377.00
OGTi	35,218.63 5.39M	-1.33% -473.03

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	59,455.00	64,050.00 59,275.00	-4340.00 -6.80%
BRENT CRUDE	92.96	95.90 92.67	-2.07 -2.18%
RICHARDS BAY COAL MONTHLY	122.00	122.00 121.00	-0.75 -0.61%
ROTTERDAM COAL MONTHLY	134.35	138.25 134.00	0.30 0.22%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	90.31	93.63 89.68	-2.73 -2.93%
SUGAR #11 WORLD	14.12	14.50 14.09	-0.15 -1.05%