SBP grants approvals to JSBL for share transfer, subscriptions

MG News | August 07, 2023 at 09:34 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 07, 2023 (MLN): The State Bank of Pakistan (SBP) has allowed Jahangir Siddiqui & Co. Limited (PSX: JSCL) to sell and transfer 235.68 million shares of BankIslami Pakistan Limited (BIPL) held by the company to its subsidiary JS Bank Limited (JSBL) in consideration for and consequently to acquire 266.74 shares of JSBL, the bank's filing on Monday revealed.

The central bank further allowed the bank to subscribe to additional shares of JSBL which are being issued by way of rights to all shareholders of JSBL and which would remain unsubscribed by the public shareholders of JSBL.

At the time of writing, the scrip of JSCL is being traded at Rs11.35 per share, down by 0.09% DoD.

CopyrightMettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,802.79 267.06M	-1.30% -2320.78
ALLSHR	106,568.29 617.78M	-1.25% -1352.24
KSE30	52,497.68 83.82M	-1.25% -665.92
KMI30	247,323.37 106.69M	-1.37% -3422.76
KMIALLSHR	68,315.26 363.70M	-1.37% -952.13
BKTi	49,936.11 23.35M	-1.18% -594.28
OGTi	34,758.02 9.23M	-1.71% -605.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,665.00	65,000.00 63,980.00	395.00 0.61%
BRENT CRUDE	88.26	88.38 83.71	4.03 4.78%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.65 -0.61%
ROTTERDAM COAL MONTHLY	119.80	120.30 119.80	0.00 0.00%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	81.77	82.07 77.93	3.49 4.46%
SUGAR #11 WORLD	14.82	14.94 14.39	0.38 2.63%