Dewan Cement: Stock Market News (PSX Pakistan Stock Exchange) 1
The Pakistan Stock Exchange (PSX) cautioned on Friday to suspend exchanging Dewan Cement Limited (DCL) shares if the organization neglects to clear expressed complaints in the following two weeks.
Therefore, Dewan Cement’s offer cost shut at the lower furthest reaches of 5%, or dropped Rs1.22, to end at Rs23.25. The stock was the fourth-most astounding volume pioneer at the PSX on Friday with 19.25 million offers evolving hands.
The PSX see said that it would place DCL in the defaulters’ fragment with impact from Monday, January 29, 2018.
Dewan Cement’s Benefit up 207% to Rs516 Million
The stock trade prompted DCL to correct the default inside fourteen exchanging days ie by Monday February 19, 2018, coming up short which exchanging the offers of the organization should he suspended with impact from Tuesday, February 20, 2018.
It must be noticed endless supply of the organization to correct its default with seven exchanging days from the date of this notice ie Thursday February 8, 2018, the exchanging the offers of the Company might be changed over to SPOT (T+0) settlement for the following seven exchanging days ie Monday February 19, 2018.