Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

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                         FOR THE YEAR              PROFIT/(LOSS)    ANNUAL        CLOSURE OF

                          ENDED/HALF/   DIVIDEND/     AFTER         GENERAL            SHARE

                          YEAR ENDED     BONUS/     TAXATION        MEETING         TRANSFER

COMPANY                 QUARTER ENDED    RIGHT   (Rs in million)      ON               BOOKS

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Muslim Commercial         31.03.2004     10% (i)      647.640**        -       16.06.2004 to

Bank Limited                                                                      22.06.2004

Oil & Gas Dev.            31.03.2004     17.5% (ii) 16587.458*         -       01.06.2004 to

                                                                                  10.06.2004

Fauji Fertiliser          31.03.2004     32.5% (i)    706.560**        -       07.06.2004 to

Company Limited                                                                   13.06.2004

Sui Southern Gas          31.03.2004     -            927.937*         -                   -

Javedan Cement            31.03.2004     -             45.953*         -                   -

Tariq Glass Ind.          31.03.2004     -             36.210*         -                   -

First Fidelity            31.03.2004     -             18.988*         -                   -

Leasing Modaraba

Al-Abid Silk Mills        31.03.2004     -             30.181*         -                   -

Japan Power Gen           31.03.2004     -           (58.429)*         -                   -

Central Forest            31.03.2004     -            (5.221)*         -                   -

Products Limited

Spencer & Co              31.03.2004     -            (4.157)*         -                   -

Guardian Mod.             31.03.2004     -               -             -                   -

Industrial Capital Mod    31.03.2004     -              2.082*         -                   -

1st Leasing Corp          31.03.2004     -           (48.365)*         -                   -

Paramount Leas            31.03.2004     -             10.254*         -                   -

Pacific Leasing           31.03.2004     -              4.068*         -                   -

First Elite Capital Mod   31.03.2004     -              5.018*         -                   -

United Distributors       31.03.2004     -              5.681*         -                   -

Sitara Chemical           31.03.2004     -            184.218*         -                   -

Sitara Energy             31.03.2004     -             79.131*         -                   -

Attock Cement             31.03.2004     -            187.168*         -                   -

Genertech Pakistan        31.03.2004     -             11.792*         -                   -

Goodluck Ind.             31.03.2004     -              1.178*         -                   -

Wah Noble Chem.           31.03.2004     -             21.867*         -                   -

Polyron Limited           31.03.2004     -           (20.467)*         -                   -

Data Agro Ltd             31.03.2004     -              6.126*         -                   -

First Hajveri Mod.        31.03.2004     -            (0.895)*         -                   -

National Security

 Insurance Co             31.03.2004     -             1.593**         -                   -

Habib Insurance           31.03.2004     -             15.716**        -                   -

P.I.A.C                   31.03.2004     -            833.432**        -                   -

Saudi Pak

 Commercial Bank          31.03.2004     -             80.367**        -                   -

Shaheen Insurance         31.03.2004     -              2.552**        -                   -

Union Insurance

 Co of Pakistan           31.03.2004     -              0.387**        -                   -

Leather Up Ltd            31.03.2004     -            (3.656)***       -                   -

American Life

 Insurance Co             31.03.2004     -              4.775***       -                   -

Prudential Discount &     31.03.2004     -              0.194***       -                   -

 Guarantee House

Frontier Ceramics         31.03.2004     -             (9.767)***      -                   -

Business & Industrial Ins.31.03.2004     -               1.213***      -                   -

Fidelity Inv. Bank        31.03.2004     -              13.389***      -                   -

Hinopak Motors            31.03.2004     -              89.289***      -                   -

Colony Woollen            31.03.2004     -             (0.057)+        -                   -

Atlas Battery             31.03.2004     -              74.914+        -                   -

Shield Corp               31.03.2004     -               5.886+        -                   -

Saitex Spinning           31.03.2004     -            (10.191)++       -                   -

Sally Textile             31.03.2004     -              1.097++        -                   -

Saitex Spinning           -              -               -         05.06.2004  29.05.2004 to

                                                                   (EOGM)xx       05.06.2004

Industrial Capital Mod    -              -               -             -       12.05.2004xxx

First General

 Leasing Modaraba         -              -               -             -       12.05.2004xxx

Hamza Sugar               -              -               -         17.05.2004  10.05.2004 to

                                                                   (EOGM)+++      17.05.2004

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Indications
(i) - Interim Dividend
(ii) - Second Interim Dividend
-- Accounts for the nine months ended - 31.03.2004
-- Accounts for the 1st quarter ended - 31.03.2004
-- Accounts for the quarter ended - 31.03.2004
-- Accounts for the period ended - 31.03.2004
-- Accounts for the six months ended - 31.03.2004
-- P.I.A.
-- Earning per share 'A' class ordinary shares of Rs 10 each = 0.72
-- Earning per share 'B' class ordinary shares of Rs 5 each = 0.36
-- Saitex Spinning
-- EOGM to be held for the purpose of Election of Directors.
-- Industrial Capital
-- Modaraba and First
-- General Leasing Mod.
-- Book Closure for the exchange of Industrial Capital Modaraba (ICM) and First General Leasing Modaraba(FGLM) Modaraba Certificates into share certificates of First Dawood Investment Bank Limited (formerly: Dawood Leasing Company Limited.
-- Hamza Sugar Mills
Source: Business Recorder
DATED: April 28, 2004
EOGM to be held for the purpose to pass the Special Resolution regarding to approve the proposed de-listing of the Company on the Karachi Stock Exchange (Guarantee) Limited (the KSE) and Lahore Stock Exchange (Guarantee) Limited (the LSE), at a price of Rs 80/- per share as agreed and approved by the KSE/LSE.
Copyright Business Recorder, 2004