KOSM placed on ICA defaulter list despite no direct default

MG News | December 17, 2024 at 03:46 PM GMT+05:00

0:00

December 17, 2024 (MLN): The International Cotton Association (ICA) has placed Kohinoor Spinning Mills Limited (PSX: KOSM) on the defaulter's list.

As per the news item published on December 10, 2024, KOSM has been prohibited from trading in the world cotton markets.

KOSM has not defaulted on any deal; rather, the company has been placed on the defaulters' list due to a default by our associated undertaking, the company's filing on PSX revealed today.

Additionally, ICA has never informed KOSM in writing of this decision.

Copyright Mettis Link News

Related News

Wahdat Poultry sets IPO book building at Rs12–18/share

SANE faces continued operational strain, eyes restructuring

Opening Bell: Morning Glory Rally

Name	Price/Vol	%Chg/NChg
KSE100	165,634.85 358.20M	3.14% 5043.51
ALLSHR	98,685.95 821.24M	2.83% 2713.21
KSE30	49,987.10 219.75M	3.14% 1522.98
KMI30	239,687.25 160.14M	3.17% 7355.26
KMIALLSHR	64,603.89 370.14M	2.96% 1857.73
BKTi	45,444.60 99.83M	2.84% 1252.93
OGTi	33,963.91 7.72M	1.91% 636.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,265.00	76,320.00 73,400.00	760.00 1.03%
BRENT CRUDE	95.05	99.45 94.42	-4.31 -4.34%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.40 0.38%
ROTTERDAM COAL MONTHLY	105.90	105.90 105.90	0.40 0.38%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	91.73	98.00 91.06	-7.35 -7.42%
SUGAR #11 WORLD	13.93	13.95 13.56	0.25 1.83%