Right issues proposed by companies listed on Karachi Stock Exchange.

==================================================================================
Company                                                                       Rate
==================================================================================
Pervez Ahmed Securities (at a discount of Rs  5/- ie Rs 5/- per share)     231.08%
United Brands                                                                 800%
Pervez Ahmed Securities (at a discount of 80% ie 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%
Silk Bank Ltd (at a discount of Rs 8.44 per share)                            240%
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%
==================================================================================