Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

=============================================================

PROPOSED RIGHT ISSUE

=============================================================

Company                                                  Rate

=============================================================

Pervez Ahmed Securities

 (at a discount of Rs 5/- ie Rs 5/- per share)        231.08%

United Brands                                            800%

Apna Microfinance Bank                               283.333%

Frontier Ceramics

 (at a discount of 82% ie Rs 1.80 per share)             865%

Pervez Ahmed Securities

 (at a discount of 80% ie Rs 2/- per share)           189.39%

First National Equities

 (at a discount of Rs 7/- per share)                241.5459%

Ghani Automotive Ind.

 (at a discount of Rs 5/- ie Rs 5/- per share)           150%

=============================================================