Trends - merger - Business Recorder

merger

UBL submits merger offer to Silkbank

Proposes share swap for amalgamation

Updated 01 Nov, 2024 11:01pm

Hearing held by CCP on M&A case: Wateen and Jazz advance their arguments

ISLAMABAD: Wateen Telecom Ltd and Jazz telecom presented legal arguments against the acquisition of Telenor Pakistan...

Updated 03 Oct, 2024 09:11am

Business & Finance

Kohinoor Power, Saritow Spinning cancel proposed amalgamation citing economic challenges

Kohinoor Power Company Limited (KOHP) on Monday announced that it is no longer pursuing a merger with Saritow...

Updated 30 Sep, 2024 08:53pm

Markets

SECMC Ltd-International Electric Power (Pvt) Ltd merger approved by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 11.9% of the...

Published 10 Sep, 2024 06:32am

CCoSOEs approves NSPC-PSPC re-merger

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved the re-merger of National...

Updated 06 Aug, 2024 09:29am

Business & Finance

CCP approves significant steel industry merger

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a significant merger in the steel industry with...

Published 01 Aug, 2024 06:06am

Business & Finance

Thermal energy portfolio: CCP approves merger application

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy...

Published 29 Jul, 2024 06:37am

Business & Finance

DHCL, ECPL, DHPL: CCP approves merger for capital allocation, resilience portfolio

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger for capital allocation and resilience...

Published 13 Jul, 2024 07:24am

Business & Finance

CCP clears merger: Nimir acquiring certain assets of P&G

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger within the consumer care market. The...

Published 11 Jul, 2024 07:25am

Business & Finance

CCP approves SoA for merger of SCL with JKSM

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M/s...

Published 09 Jul, 2024 06:33am

Business & Finance

CCP approves SOA for IBP-NIBAF merger

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M/s...

Published 05 Jun, 2024 06:20am

Business & Finance

CCP approves TPL Life Insurance-Dar Es Salam Textile Mills Ltd merger

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the merger of TPL Life Insurance Limited with...

Published 22 Mar, 2024 04:57am

Life & Style

Zee asks Sony’s Indian arm for extension of merger deadline

MUMBAI: India’s Zee Entertainment Enterprises said in a stock exchange filing on Sunday that it had sought a further...

Updated 18 Dec, 2023 08:36am

Markets

TPL Life Insurance, Dar Es Salam Textile Mills move ahead with merger talks

The Board of Directors (BoD) of TPL Life Insurance and Dar Es Salam Textile Mills Limited have approved a scheme of...

Updated 29 Nov, 2023 09:38pm

Business & Finance

CCP approves two mergers in healthcare, insurance sectors

ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval to two mergers in home healthcare...

Published 07 Sep, 2023 06:21am

Business & Finance

TPL Life Insurance, Dar Es Salam Textile Mills explore potential merger

TPL Life Insurance Limited has entered into a Memorandum of Understanding (MoU) with Dar Es Salam Textile Mills...

Updated 05 Sep, 2023 04:50pm

Business & Finance

Merger announced

KARACHI: neem.pro, a provider of managed fulfillment solutions with operations in Pakistan and zip24, a MENA-based...

Published 15 Jun, 2023 06:03am

Markets

Proposed merger negotiations between FINCA, Apna Microfinance end

Apna Microfinance Bank Limited (AMBL), a microfinance services provider, said that the “proposed merger...

Updated 12 Jun, 2023 04:39pm

Business & Finance

MCB Bank to conduct Silkbank’s due diligence

The Board of Directors (BoD) at MCB Bank has given its go-ahead to the management to conduct due diligence of...

Published 29 May, 2023 01:45pm

Business & Finance

British, US law firms unveil $3.4-bn merger

LONDON: British law firm Allen & Overy and US peer Shearman & Sterling on Monday unveiled a merger to create...

Published 29 May, 2023 04:27am

Business & Finance

Lithium producers Allkem, Livent to combine in $10.6bn deal

NEW YORK: Lithium companies Allkem Ltd and Livent Corp said on Wednesday they will combine in an all-stock $10.6...

Published 11 May, 2023 05:54am

Business & Finance

Companies: SECP issues guidelines on amalgamations/mergers

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will continue to assess each scheme of merger...

Published 05 May, 2023 06:44am

UBL proposal: BoD asks Silkbank to pursue potential merger

KARACHI: The Board of Directors of Silkbank Limited has reviewed and considered the UBL proposal and granted its...

Updated 03 May, 2023 08:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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