PSX approves sector change for SPEL, shifts from 'Miscellaneous' to 'Paper & Board'

MG News | April 15, 2024 at 10:13 AM GMT+05:00

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April 15, 2024 (MLN): Upon the request of Synthetic Products Enterprises Limited (SPEL) and the provision of necessary documents, the Pakistan Stock Exchange (PSX) has approved its request for sector change i.e., from ‘Miscellaneous’ to ‘Paper & Board’.

In light of the above, the company will be quoted under Property Sector with effect from Monday, April 22, 2024.

Synthetic Products Enterprises Limited was incorporated in Pakistan on 16 May 1982 as a private limited company.

The company converted into a public limited company on 21 July 2008 and subsequently listed on PSX on February 10, 2015.

SPEL is principally engaged in the manufacturing and sale of plastic auto parts, plastic packaging for food and FMCG industry and moulds & dies.

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