SECP approves demerger of Allied Rental Modaraba

MG News | June 27, 2022 at 03:21 PM GMT+05:00

0:00

June 27, 2022 (MLN): The Security Exchange Commission of Pakistan (SECP) has approved the demerger of Allied Rental Modaraba, the company’s notice to Exchange said today.

“SECP has conveyed their “No Objection” on the proposed demerger of Allied Rental Modaraba”, the notice read.

The management of Modaraba said that it shall update the PSX and certificate holders of the Modaraba on the approvals of other regulatory bodies and fulfilment of other conditions necessary for the proposed demerger scheme.

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	64.10	64.39 63.26	-0.03 -0.05%
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%