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20 cos de-listed by LSE in 2 years

LAHORE: The Lahore Stock Exchange (LSE) has de-listed 20 companies for one or the other reason during the last two years.

Now the total number of listed companies at LSE stands at 616.

According to LSE sources, with the listing of the pay-phones company, WorldCall, the number will increase to 617.

The main factor responsible for the de-listing of the companies include the bankruptcy, mergers and even the closure of the business by certain firms.

The companies delisted so far include first DG Modaraba, Universal Textile, BRR 2nd Modaraba, Equity International Modaraba, Punjab Building Limited, AuVitronics Limited, Pak Chrome Mines Limited, Sun Shine Cloth Limited, Electric Lamps Manufacturers, Elahi Spinning Mills, Dannemann Fabrics Limited, First Premier Modaraba, Zafar Textile Mills Limited, Naveed Textile Mills Limited, Prince Glass Works Limited, Novartis (Pakistan) Limited, Sitara Spinning Mills, Al-Ata Leasing Modaraba, Rex Baren Batteries Limited and Mohib Textile Mills Limited.

Moreover, the membership of nine companies i.e. Kohat Cement, Central Cotton Mills Limited, Tri-Star Shipping Lines Limited, Dadabhoy Leasing, Ghulam Mohammad Dadabhoy, Musarrat Textile Mills Limited, Tobacco International, Ayaz Textile Mills Limited and Koh-i-Noor Edible Oils Limited has been suspended. APP