KSTM requests PSX to remove its name from defaulter’s segment

MG News | January 10, 2022 at 11:53 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 10, 2022 (MLN): Khalid Siraj Textile Mills (PSX: KSTM) has requested the Pakistan Stock Exchange (PSX) to remove its name from the defaulter’s segment along with unfreezing suspension of trading the shares as the company is running its operations smoothly, the company’s progress report said today.

The notification further mentioned that significant portion of rentals is withheld by the tenant for overhauling of plant and machinery replacement of old machinery parts. Pursuant to this, Rs13.20 million has been spent on upgrading of plant and machinery.

To recall, on September 15, 2021, the company informed the bourse that agenda of commercial production was resolved by letting out on lease to M/s ASM Industries (Private) Limited, recommended by the board of directors and approved by the company's members in Extraordinary General Meeting held on April 30, 2021.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,927.05 365.01M	-1.27% -2314.73
ALLSHR	109,270.69 838.76M	-1.19% -1312.98
KSE30	53,705.71 89.34M	-1.33% -726.00
KMI30	253,531.92 109.38M	-1.32% -3382.29
KMIALLSHR	70,152.63 543.97M	-1.25% -888.68
BKTi	50,997.50 18.73M	-1.38% -715.26
OGTi	36,216.08 8.18M	-1.21% -443.50

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,370.00	62,540.00 61,925.00	20.00 0.03%
BRENT CRUDE	85.18	85.64 83.68	1.88 2.26%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	119.35	119.35 119.35	2.00 1.70%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.98	80.42 77.86	1.84 2.35%
SUGAR #11 WORLD	14.76	14.98 14.62	-0.12 -0.81%