AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

A delegation of All Pakistan Textile Mills Association (APTMA) on Wednesday visited Karachi Stock Exchange (KSE). The delegation headed by Yasin Siddik along with Anwar Ahmed Tata and other members of the APTMA had a meeting with Acting Managing Director KSE Haroon Askari, Director Abid Ali Habib and other senior management of the exchange.
The representatives of the Consultants and Lead Manager / Advisors to the public issue were also present on the occasion, including AKD Securities Limited, Arif Habib Limited, Cassim Investments (Private) Limited, Habib Bank Limited, JS Global Capital Limited, NIB Bank Limited, Pak Brunei Investment Company Limited and United Bank Limited.
Welcoming the APTMA delegation, Haroon Askari briefed the purpose of the meeting, which is to encourage and promote new listing. He explained that a public offer of securities provides access to a large number of potential investors and an efficient and effective way to raise capital.
He said that the credibility of the firm gets enhanced through listing and company acquires wider exposure of its brand and operations. He elaborated that even small enterprises with minimum paid up capital of Rs 10 million are eligible for listing through OTC market.
The representatives of Consultants and Lead Manager / Advisors also explained their role in facilitating listing of new securities and to help in designing financial plan of the companies to achieve the objectives. The representatives of APTMA also briefed about the problems being faced by the industry and appreciated the initiative taken by the Exchange in providing a forum to the representatives of the trade bodies to discuss the issues and encourage listing of their enterprises on the Exchange. It was agreed to have co-ordinated efforts on continuous basis to achieve the desired objective.-PR

Copyright Business Recorder, 2011

Comments

Comments are closed.