Pak Suzuki halts production due to inventory shortage

MG News | October 18, 2023 at 09:33 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 18, 2023 (MLN): Owing to the shortage of inventory level, Pak Suzuki Motor Company Limited (PSX: PSMC) has decided to shut down the automobile plant from October 25, 2023, to October 27, 2023, company's filing on PSX revealed today.

However, the motorcycle plant will remain operative, the company clarified.

The company is engaged in the assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, 4x4s motorcycles and related spare parts.

At the time of writing, the scrip of the company is being traded at Rs191.57, up by Rs13.37 or 7.50% compared to the previous close.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	182,241.78 412.98M	0.54% 982.10
ALLSHR	110,583.67 943.78M	0.59% 653.91
KSE30	54,431.71 88.75M	0.62% 333.09
KMI30	256,914.21 109.86M	0.51% 1306.68
KMIALLSHR	71,041.31 586.34M	0.56% 392.65
BKTi	51,712.76 42.20M	1.08% 554.64
OGTi	36,659.58 6.31M	0.32% 116.76

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,995.00	64,680.00 63,995.00	-90.00 -0.14%
BRENT CRUDE	75.22	77.52 75.22	-1.08 -1.42%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-2.20 -2.04%
ROTTERDAM COAL MONTHLY	118.00	118.00 117.60	-1.20 -1.01%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	71.51	73.16 70.77	-0.57 -0.79%
SUGAR #11 WORLD	14.86	15.14 14.71	-0.26 -1.72%