PSEL debt restructuring a success

MG News | October 04, 2023 at 01:02 PM GMT+05:00

0:00

October 04, 2023 (MLN): The management of Pakistan Services Limited (PSX: PSEL) has informed PSX that the company has successfully implemented restricting/ deferment agreements related to its long-term loans/ borrowings with its respective lenders.

PSEL is principally engaged in the hotel business and owns and manages the chain of Pearl Continental Hotels.

The company also owns one small-sized property in Lahore operating under the budget hotel concept.

At the time of writing, the company’s share is being traded at Rs701.15, down by around 30 rupees or 4.08% compared to the previous close.

It is important to mention that PSEL has reported a massive consolidated loss of Rs1.76 billion in FY23, compared to a loss of Rs399.52 million reported in FY22.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,346.83 1,004.31M	0.66% 1103.93
ALLSHR	101,585.71 1,816.82M	0.45% 452.89
KSE30	51,193.07 238.52M	0.60% 306.47
KMI30	241,742.81 114.47M	0.26% 626.15
KMIALLSHR	66,704.29 951.52M	0.28% 184.85
BKTi	48,187.89 155.95M	1.00% 476.82
OGTi	32,653.86 16.59M	0.73% 235.25

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,950.00	114,380.00 107,705.00	875.00 0.79%
BRENT CRUDE	61.49	62.10 60.35	0.48 0.79%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.10 -1.35%
ROTTERDAM COAL MONTHLY	92.75	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	57.43	58.08 56.35	0.41 0.72%
SUGAR #11 WORLD	15.24	15.82 15.10	-0.48 -3.05%