Right issues proposed by companies listed on Karachi Stock Exchange.

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PROPOSED RIGHT ISSUE
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Company                                                  Rate
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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%
 Ghani Automotive Ind.
(at a discount of Rs 5/- ie Rs 5/- per share)            150%
Crescent Star Insurance Co.
(at a discount of Rs 4/- per share)                      275%
United Distributors Pakistan                             100%
Media Times Ltd. (at a discount of Rs 5/- per share)      14%
JS Bank Ltd. (preference shares)                    13.98648%
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