Privatization Commission dispels rumors of OGDC shares being offered at discount or historical avg
MG News | January 22, 2020 at 03:23 PM GMT+05:00
January 22, 2020 (MLN): The Privatization Commission has informed the Pakistan Stock Exchange and stakeholders that appointment of Financial Advisors (FA) for the divestment up to 7% of OGDCL Shares is in process.
After the appointment, FA will carry out comprehensive due diligence and later suggest on suitable transaction structure for consideration of the Government.
The Privatization Commission also informed that there is absolutely no consideration to offer OGDC shares either at a discount of on an historical average, and any rumors pertaining to transaction size or discounted divestment price are strongly refuted.
‘Up to 7% OGDCL shares will be offered at a value that is best reflective of the fundamentals of OGDC including its strong financials’ it said.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 174,472.80 415.89M | 0.33% 576.45 |
| ALLSHR | 104,651.34 842.56M | 0.49% 512.09 |
| KSE30 | 53,490.51 167.58M | 0.40% 214.40 |
| KMI30 | 249,663.89 207.53M | 0.51% 1277.01 |
| KMIALLSHR | 68,039.48 418.05M | 0.42% 287.19 |
| BKTi | 48,368.14 50.33M | 0.46% 219.70 |
| OGTi | 34,867.38 19.89M | 1.69% 580.53 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 88,420.00 | 89,960.00 87,125.00 | 860.00 0.98% |
| BRENT CRUDE | 61.38 | 61.88 60.95 | -0.11 -0.18% |
| RICHARDS BAY COAL MONTHLY | 86.75 | 0.00 0.00 | -0.10 -0.12% |
| ROTTERDAM COAL MONTHLY | 96.75 | 96.75 96.30 | 0.45 0.47% |
| USD RBD PALM OLEIN | 1,027.50 | 1,027.50 1,027.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 58.01 | 58.47 57.60 | -0.07 -0.12% |
| SUGAR #11 WORLD | 14.86 | 15.26 14.80 | -0.40 -2.62% |
Chart of the Day
Latest News
Top 5 things to watch in this week
SBP Interventions in Interbank FX Market
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|