Kohinoor Spinning halts production activities amid high cost

08:19
December 14, 2022

December 14, 2022 (MLN): In the backdrop of the rising cost of production, the management of the Kohinoor Spinning Mills Limited (PSX: KOSM) has decided to close the production activities of the company with immediate effect, the company filing on PSX showed today.

“Due to prevailing global and economic downturn, overdue plant maintenance, high cost of production, and low price and demand, it is not feasible to operate the production facility,” the notification read.

The management is hopeful that the current situation will improve in the first quarter of 2023 enabling the company to restart its operations.

Copyright Mettis Link News

Posted on: 2022-12-14T13:19:24+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.45000	278.65000	278.65000	278.45000	01:13 PM
2	EUR	1.08634	1.08691	1.08691	1.08634	05:32 PM
3	GBP	1.26940	1.26990	1.26990	1.26940	05:31 PM
4	CHF	0.90927	0.90943	0.90943	0.90927	05:33 PM
5	JPY	155.62600	155.67400	155.67400	155.62600	05:31 PM
6	CAD	1.36114	1.36188	1.36188	1.36114	05:32 PM
7	AUD	0.66911	0.66948	0.66948	0.66911	05:32 PM
8	INR	83.29860	83.29910	83.29910	83.29860	08:00 PM
9	SAR	3.75030	3.75050	3.75050	3.75030	04:59 PM
10	AED	3.67290	3.67320	3.67320	3.67290	01:59 AM
11	HKD	7.80023	7.80420	7.80420	7.80023	05:17 PM
12	CNH	7.22945	7.23755	7.23755	7.22945	05:30 PM
13	CNY	7.22340	7.22520	7.22520	7.22340	11:48 PM
14	THB	36.04000	36.25500	36.25500	36.04000	05:29 PM
15	MYR	4.68500	4.69000	4.69000	4.68500	08:00 PM
16	IDR	15,920.30000	16,008.70000	16,008.70000	15,920.30000	05:18 AM
17	SGD	1.34519	1.34681	1.34681	1.34519	05:17 PM
18	NZD	0.61315	0.61361	0.61361	0.61315	05:32 PM
19	MXN	16.60340	16.63100	16.63105	16.60337	05:33 PM
20	TRY	32.06070	32.38430	32.38431	32.06069	05:20 PM
21	SEK	10.67890	10.74700	10.74697	10.67886	05:33 PM
22	ZAR	18.14500	18.20500	18.20500	18.14500	05:32 PM
23	NOK	10.67070	10.71880	10.71876	10.67067	05:33 PM
24	DKK	6.86509	6.86559	6.86559	6.86509	05:00 PM
25	ARS	883.88700	884.03400	884.03388	883.88664	05:32 PM
26	BDT	114.83600	118.14100	118.14052	114.83640	09:58 AM
27	BHD	0.37695	0.37700	0.37700	0.37695	09:32 PM
28	BRL	5.07898	5.12487	5.12487	5.07898	02:20 PM
29	KRW	1,353.49000	1,355.29000	1,355.29000	1,353.49000	05:18 AM
30	KWD	0.30696	0.30756	0.30756	0.30696	07:54 PM
31	LKR	294.92900	301.35400	301.35368	294.92901	09:58 AM
32	OMR	0.38471	0.38521	0.38521	0.38471	01:57 AM
33	QAR	3.64400	3.64700	3.64700	3.64400	01:59 AM
34	RUB	90.87000	90.91000	90.91000	90.87000	08:00 PM
35	AFN	70.56120	72.39690	72.39686	70.56124	09:58 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:12 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,620.80000	12,685.10000	12,685.05346	12,620.80676	09:58 AM
40	PHP	57.65700	58.04300	58.04300	57.65700	08:00 PM
42	NGN	1,469.50000	1,470.50000	1,470.50000	1,469.50000	08:00 PM
43	KES	128.43800	131.19200	131.19178	128.43835	09:58 AM
44	AMD	358.49700	413.56500	413.56523	358.49663	09:58 AM
45	TWD	32.16480	32.19480	32.19480	32.16480	05:18 AM
46	XAU	2,418.65000	2,421.05000	2,421.05000	2,418.65000	05:06 PM
47	XAG	31.47520	31.49580	31.49580	31.47520	05:06 PM
48	XPT	1,080.80000	1,089.80000	1,089.80000	1,080.80000	02:00 AM
49	XPD	1,008.57000	1,014.22000	1,014.22000	1,008.57000	02:00 AM
2,120	VES	36.53490	36.62660	36.62656	36.53493	08:00 PM
2,212	UGX	3,708.87000	3,791.47000	3,791.47354	3,708.87063	09:58 AM
2,213	TZS	2,535.54000	2,627.32000	2,627.32321	2,535.54220	09:58 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	75,401.12	75,342.346	74,947.71	411.647	0.549	188,724,737.0	10,794,119,010.980	17/05/2024 05:12 PM
ALLSHR	48,807.14	48,769.459	48,569.78	232.516	0.479	496,551,417.0	17,628,388,996.920	17/05/2024 05:12 PM
KSE30	24,250.19	24,214.289	24,115.01	68.600	0.284	83,749,804.0	7,299,349,871.180	17/05/2024 05:12 PM
KMI30	124,499.58	124,073.598	123,588.39	577.661	0.468	115,584,298.0	6,628,115,990.660	17/05/2024 05:12 PM
KMIALLSHR	34,853.66	34,803.012	34,601.31	229.583	0.664	301,521,687.0	13,083,340,734.470	17/05/2024 05:12 PM
BKTi	18,640.08	18,555.775	18,385.35	-28.304	-0.152	10,145,516.0	1,626,001,821.630	17/05/2024 05:12 PM
OGTi	17,931.76	17,849.852	17,747.27	38.860	0.218	7,146,222.0	1,031,531,203.480	17/05/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	67,260.0	67,865.0	65,345.0	1,815.00
BRENT CRUDE	EB	84.0	84.0	83.1	0.73
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-4.60
ROTTERDAM COAL MONTHLY	ET	105.0	106.5	105.0	-1.45
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	78.2	80.0	78.1	-1.06
SUGAR #11 WORLD	SB	18.1	18.5	18.1	-0.23

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

Trending :

Kohinoor Spinning halts production activities amid high cost

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

Baluchistan glass successfully initiates furnace heating process at Unit-I

PKR flashes signal of spike in volatility

PIA’s Al Ain to Turbat flight launch boosts Pakistan-UAE collaboration

CCoSOEs urges CMU to expedite SOE annual financial report for FY23