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	166,553.28 727.76M	-0.47% -793.56
ALLSHR	101,296.66 1,567.06M	-0.28% -289.04
KSE30	50,903.27 227.71M	-0.57% -289.80
KMI30	241,347.86 135.29M	-0.16% -394.95
KMIALLSHR	66,524.37 778.95M	-0.27% -179.92
BKTi	47,779.01 130.29M	-0.85% -408.88
OGTi	32,913.20 28.90M	0.79% 259.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,760.00	111,065.00 106,950.00	-4345.00 -3.88%
BRENT CRUDE	64.42	64.50 61.38	3.10 5.06%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.75	0.00 0.00	0.70 0.76%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	59.38	59.83 57.34	2.14 3.74%
SUGAR #11 WORLD	15.13	15.44 15.03	-0.11 -0.72%