Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

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

COMPANY                                                                        RATE

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

Pervez Ahmed Securities (at a discount of Rs. 5/- i.e. Rs. 5/- per share)  231.08 %

United Brands                                                                 800 %

Pervez Ahmed Securities (at a discount of 80% i.e. Rs 2/- per share)       189.39 %

Media Times Ltd. (at a discount of Rs 5/- per share)                           14 %

Summit Bank Ltd.                                                               65 %

Jahangir Siddiqui & Co. Ltd. (Preference Right Shares)                         15 %

PICIC Insurance (at a discount of Rs 5/- per share)                           200 %

Descon Oxychem Ltd. (Preference Right Shares)                                 100 %

Pak Gulf Leasing Ltd. (at a dis. of Rs 3/- per share)                       28.15 %

Jahangir Siddiqui & Co. Ltd.                                                   20 %

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