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	187,761.69 450.87M	1.44% 2662.86
ALLSHR	112,676.86 1,195.52M	1.05% 1167.51
KSE30	57,522.35 166.78M	1.38% 784.61
KMI30	264,743.45 175.88M	1.48% 3870.74
KMIALLSHR	72,300.02 597.10M	1.14% 811.71
BKTi	54,499.63 44.60M	1.50% 808.03
OGTi	38,644.55 21.80M	-0.07% -27.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	93,060.00	95,600.00 92,040.00	-2605.00 -2.72%
BRENT CRUDE	64.12	64.39 63.26	-0.01 -0.02%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.25 -2.53%
ROTTERDAM COAL MONTHLY	97.20	97.20 97.15	-0.55 -0.56%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	59.43	59.56 58.53	0.09 0.15%
SUGAR #11 WORLD	14.99	15.00 14.60	0.42 2.88%