KOSM placed on ICA defaulter list despite no direct default

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

Add Mettisglobal as a Trusted Source on Google

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

Weekly Market Roundup

Bank Makramah swings to Rs6bn loss in 9MCY26

Mughal Iron & Steel profit plunges 78% in 1QFY27

Name	Price/Vol	%Chg/NChg
KSE100	166,409.25 235.53M	-0.47% -784.19
ALLSHR	100,707.78 824.63M	-0.45% -457.17
KSE30	49,026.65 68.91M	-0.60% -294.03
KMI30	237,971.74 66.09M	-0.41% -986.42
KMIALLSHR	65,023.98 327.90M	-0.48% -312.08
BKTi	45,944.24 13.97M	-0.74% -340.31
OGTi	33,648.58 5.44M	-0.37% -124.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,805.00	77,885.00 76,820.00	835.00 1.08%
BRENT CRUDE	113.40	114.29 111.03	2.60 2.35%
RICHARDS BAY COAL MONTHLY	134.00	134.00 134.00	3.00 2.29%
ROTTERDAM COAL MONTHLY	148.05	148.05 145.60	4.10 2.85%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	102.95	104.99 102.43	0.95 0.93%
SUGAR #11 WORLD	19.37	19.58 19.21	-0.10 -0.51%