Karachi, First National Equities Limited informed Karachi Stock Exchange about recommendations made by board of directors in the meeting held at Lahore on October 31, 2014.
The agenda of the meeting was discussion of un-audited interim profit and loss account for period ended September 30, 2014 which portrayed a profit of Rs. 7,468,571 and earnings per share 0.05 basic and diluted.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
First National Equities Limited is a limited liability company incorporated in Pakistan under the Companies Ordinance, 1984. The company has trading rights entitlement certificate of the Karachi Stock Exchange. The principal activities of the business include shares brokerage, consultancy services and IPO underwriting. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan.
The company deals with the trading of over 625 stocks which are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The brokerage division of the company deals with stocks, Pakistan investment bonds, treasury bills TFCs / corporate bonds, national investment trust units, certificates of investments and letter of placements. The company also manages securities based financing, syndication, privatization, project advisory, mergers and acquisitions and credit rating advisory.
The symbol “FNEL” is being used by the stock exchange for the shares of First National Equities Limited.
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