As many as 19 new companies and three term finance certificates (TFCs) were listed on Lahore Stock Exchange (LSE) while 42 were delisted because of merger, buy-back of shares and decision of the governing board of the exchange, during the year 2004.
The companies which were listed are: Crescent Commercial Bank Ltd (formerly Mashreq Bank Pakistan Ltd), Kohat Cement Company Ltd, NDLC-IFIC Bank Ltd, Bosicor Pakistan Ltd, First National Bank Modarba, PICIC Commercial Bank Ltd, OGDCL, Worldcall Broadband Ltd, MACPAC Films Ltd, Pakistan Capital Market Fund., Noon Pakistan Ltd, ABAMCO Stock Market Fund., Atlas Income Fund, ABAMCO Capital Fund, Natover Lease and Refinance Ltd, Natover Lease (Preference shares), Trust Commercial Bank, PICIC Investment Fund and ABAMCO Composite Fund.
Names of the TFCs listed in the year under review are: Pacific Leasing Company Ltd, Pharmagen Ltd and Pakistan Services Ltd.
The delisted companies included: Crescent Investment Bank Ltd, First Crescent Modaraba, First Professional Modarba, PEL Appliances Ltd, National Development Corporation Ltd, Kohinoor Genertech Ltd, 21st ICP Mutual Fund, 23rd ICP Mutual Fund, 25th ICP Mutual Fund, KASB Leasing, 1st ICP Mutual Fund, 3rd ICP Mutual Fund, 8th ICP Mutual Fund, 11th ICP Mutual Fund, 12th ICP Mutual Fund, 15th ICP Mutual Fund, 19th ICP Mutual Fund, 20th ICP Mutual Fund, Fidelity Investment Bank Ltd, Trust Investment Bank Ltd, 2nd ICP Mutual Fund, 5th ICP Mutual Fund, 6th ICP Mutual Fund, 7th ICP Mutual Fund, 9th ICP Mutual Fund, 10th ICP Mutual Fund, 13th ICP Mutual Fund, 14th ICP Mutual Fund, 16th ICP Mutual Fund, 17th ICP Mutual Fund, 18th ICP Mutual Fund, 22nd ICP Mutual Fund, 24th ICP Mutual Fund, First Leasing Corporation Ltd, Paramount Leasing Ltd, Pacific Leasing Company Ltd, Elite Publishers Ltd, Lease Pak Ltd, Pioneer Cables Ltd, Ahmed Textile Mills Ltd, Pakistan Venture Capital Ltd, and B.R.R. International Modarba Ltd.
Out of these 42 companies, first 36 were delisted because of their merger arrangement with other companies, second four due to buy-back of shares while the remaining 2 as per the decision of the LSE board of directors.