AGL 40.01 Increased By ▲ 0.01 (0.03%)
AIRLINK 131.17 Increased By ▲ 1.64 (1.27%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.55 Decreased By ▼ -0.08 (-1.73%)
DCL 8.80 Decreased By ▼ -0.14 (-1.57%)
DFML 42.43 Increased By ▲ 0.74 (1.78%)
DGKC 84.15 Increased By ▲ 0.38 (0.45%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.36 Increased By ▲ 1.89 (2.5%)
FFL 12.11 Increased By ▲ 0.64 (5.58%)
HUBC 110.24 Decreased By ▼ -0.31 (-0.28%)
HUMNL 14.41 Decreased By ▼ -0.15 (-1.03%)
KEL 5.55 Increased By ▲ 0.16 (2.97%)
KOSM 8.35 Decreased By ▼ -0.05 (-0.6%)
MLCF 39.55 Decreased By ▼ -0.24 (-0.6%)
NBP 63.74 Increased By ▲ 3.45 (5.72%)
OGDC 198.35 Decreased By ▼ -1.31 (-0.66%)
PAEL 26.36 Decreased By ▼ -0.29 (-1.09%)
PIBTL 7.66 No Change ▼ 0.00 (0%)
PPL 158.74 Increased By ▲ 0.82 (0.52%)
PRL 26.40 Decreased By ▼ -0.33 (-1.23%)
PTC 18.40 Decreased By ▼ -0.06 (-0.33%)
SEARL 82.15 Decreased By ▼ -0.29 (-0.35%)
TELE 8.10 Decreased By ▼ -0.21 (-2.53%)
TOMCL 34.42 Decreased By ▼ -0.09 (-0.26%)
TPLP 8.93 Decreased By ▼ -0.13 (-1.43%)
TREET 16.90 Decreased By ▼ -0.57 (-3.26%)
TRG 59.30 Decreased By ▼ -2.02 (-3.29%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,637 Increased By 230.1 (2.21%)
BR30 31,867 Increased By 153.7 (0.48%)
KSE100 98,895 Increased By 1566.6 (1.61%)
KSE30 30,810 Increased By 617.3 (2.04%)

LUXEMBOURG: Steel giant ArcelorMittal announced that Aditya Mittal, the son of company founder Lakshmi Mittal, will replace him as the group’s chairman and CEO.

The elder Mittal will become executive chairman of the Luxembourg-based company while the younger, currently chief financial officer, will run the management team. The announcement came as the company said it had reduced it’s net loss in 2020 by a factor of three to $733 million, even though sales dropped by a quarter.

Comments

Comments are closed.