Karachi Stock Exchange (KSE) has re-composed KSE–100 Index for the review period from March to August 2009, as per the Re-composition Rules of KSE-100 Index. In aggregate, 9 companies would be affected due to re-composition process. The companies included in the index are First Haibib Modaraba, Sigma Leasing Corporation of Pakistan, Habib Sugar Mills Limited, Agriauto Industries Limited, East West Insurance Company Limited, Millat Tractors Limited, Gharibwall Cement Limited, Media Times Limited and Attock Cement Pakistan Limited. The outgoing Companies are Allied Rental Modaraba, Askari Leasing Limited, Colony Sugar Mills Limited, Baluchistan Wheel Limited, Hinopak Motors Limited, First Capital Securities Limited, Samba Bank Limited, Arif Habib Bank Limited and Altern Energy Limited. The recomposed Index, based on the prices of August 31, 2009 will capture the market capitalization to the extent of 91.56 percent of the total market capitalization as compared to 90.68 percent of the cu...

Merit Packaging was incorporated in the year 1980 and is equipped with the most modern plant and machineries for paper and board packaging and conversion industry. Merit’s major customers include manufacturers and marketers of cigarettes, soap and detergents, tea and biscuits, etc. We employ over 250 persons and possess an ISO 9001-2000 certification. On the corporate side, MPL is a part of the Lakson Group of Companies which is well-known for its businesses affiliations and joint ventures with world renowned companies of USA, i.e. Colgate-Palmolive, Kraft General Foods and McDonalds. The group as a whole, provides employment to over 4200 persons. PAPER AND BOARD The company meets bulk of its requirement for board and paper from its sister concern, Century Paper & Board Mills who have a 650 metric tons a day capacity to produce high quality Paper and Board. EQUIPMENT DETAILS We have the most modern and state of the art multicolour off-set presses with in-line single and double coa...

MEHRAN SUGAR MILLS LIMITED was incorporated as a Public Limited Company in December 1965. The company’s shares are quoted on the Karachi Stock Exchange since May 1968. The Mill is situated in the cane growing area of Distt. Tando Allayar and is spread over 118 acres. This includes Plant & Machinery, a residential estate, labor colony and a Research farm. The plant and machinery for manufacturing and refining was imported from M/s. Mitsubishi Japan. The plant was originally designed with a crushing capacity of 1,500 TCD. With constant BMR the plant capacity was extended to 3,500 TCD. In 1992 the company went for a large-scale expansion and set up a second parallel unit. The installed capacity was thus increased to 7,500 TCD. The plant is maintained in excellent condition, ensuring quality results during all stages of production. The Company received ISO 9002 Certification in 1998, which has been upgraded to ISO 9001:2000 in 2004. Over a period of time, the company has made steady gr...

Mandviwalla Plastic Industries Limited was incorporated as Public Limited Company on June 13, 1988 and obtained Certificate for commencement of Business on February 13, 1989. The basic objective of the company is to set up plastic injection and blow molding units and manufacture and supply products of all kinds made from plastic. The project is located at Uthal Industrial Estate, District Lasbela, Balochistan. A 5 Acre leasehold plot of land has been acquired from Lasbela Industrial Estates Development Authority which is providing all infrastructural facilities for the speedy implementation of all industrial units in the area. The project consists of a computerized injection molding plant. The following range of products are produced at this unit. Plastic Chairs. Poultry Equipment. General Household Products. Components of Domestic Appliances. Automotive Battery Containers. Textile Bobbins. Textile Crates. TV Cabinets. Rubbermaid Products, Automobile Products. The plant is producing t...

Karachi Stock Exchange (KSE) has adopted the Industry Classification Benchmark (ICB), a jointly developed classification system launched by FTSE Group and Dow Jones Indexes, to classify and analyze specific sectors of the Pakistan stock market using internationally accepted standards. According to KSE here Friday. The ICB provides a comprehensive system with four levels of granularity - industry (10), supersectors (19), sectors (41) and subsectors (114) and facilitates cross-border company comparison. ICB will replace KSE’s own classification system after a transition period in which KSE will run both classification systems parallel to allow a smooth adoption process. ICB is the standard used by major stock exchanges, data distributors, index providers, buy side and sell side institutions, custodians and media organizations globally. KSE joins other exchanges and global financial institutions which have integrated ICB into their research, trading and investment workflows.

Dost Steels is introducing hot rolled Quenched steel Bars in Pakistan and occupies a pre-eminent position in the secondary steel sector. It has leveraged itself to become a preferred provider to customers at home and across the border. The Company is expected to experience strong growth from the beginning itself due to increasing demand of 18-20% PA for steel in the country. The demand for steel re-reinforcement (rebars) in Pakistan is over 4 million tons per annum out of which 600,000 tons of high strength deformed grade rebars in bundled form is being imported. These imported deformed steel rebars are of the same grade, application, packing and size as the one Dost Steels will produce in its unit in Punjab which will be the first unit in Pakistan. The induction of this modern bar mill in the industrial horizons will lead to a kickstart the Engineering industry in the country. We have invested a lot of resources in installing a state-of the-art rolling mill, R& D, product testing,...

Foreign portfolio investment at Karachi Stock Exchange and upgradation of Pakistan’s credit rating by international agencies pushed the benchmark KSE-100 Index beyond the psychological barrier of 9000 level for the first time in the last nine months. The trade began this week at the stock market with positive momentum which gained further strength towards the end of the week. The major Index closed this week with a huge gain of 462 points at 9003. The discovery of new oil reserves in the country and investment by foreigners fueled major investment in energy and banking stocks. The average volume stood at 240 million shares this week. KSE-30 Index surged by 464 points to finish the week at 8651.