NICL board greenlights acquisition of manufacturing facility

News Image

MG News | February 23, 2024 at 03:08 PM GMT+05:00

0:00

February 23, 2024 (MLN): The board of directors of Nimir Industrial Chemicals Limited (PSX: NICL) on Friday approved the acquisition of a manufacturing facility consisting of the property, plant and equipment, the company's filing on PSX revealed. 

This is subject to the conclusion of a binding Asset Sale Agreement and associated regulatory approvals.

The facility is located in the south region of Pakistan and this acquisition will result in savings on account transportation costs besides strengthening the company's business in the region and helping to boost exports through the seaport.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,717.28
244.20M
1.71%
2337.31
ALLSHR 85,770.11
629.67M
1.33%
1121.76
KSE30 42,344.41
85.17M
1.92%
798.18
KMI30 195,333.34
89.57M
1.88%
3613.57
KMIALLSHR 56,461.54
366.31M
1.14%
633.81
BKTi 38,517.99
12.69M
1.83%
690.38
OGTi 27,807.98
11.35M
0.50%
137.30
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,920.00 119,915.00
118,035.00
-710.00
-0.59%
BRENT CRUDE 68.51 69.01
68.27
-0.01
-0.01%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
0.95
0.99%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-0.65
-0.62%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.54 66.99
66.29
0.16
0.24%
SUGAR #11 WORLD 16.79 16.84
16.54
0.23
1.39%

Chart of the Day


Latest News
July 17, 2025 at 02:42 PM GMT+05:00

Fateh Sports Wear looks to resume operations soon


July 17, 2025 at 01:47 PM GMT+05:00

OMO Result: SBP injects over Rs902bn


July 17, 2025 at 01:03 PM GMT+05:00

Global value chains drove growth in developing nations


July 17, 2025 at 12:46 PM GMT+05:00

Donald Trump to land in Pakistan on September 18



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg