The Karachi Stock Exchange (Guarantee) Limited’s replacement of the Pakistan Telephone Cables Limited by Javedan Corporation Limited in the Kse-100 index
Karachi, July 30, 2012 (PPI-OT): It is hereby informed that Pakistan Telephone Cables Limited included in the KSE-100 Index on the basis of Sector Rule” will be removed from the Index on account of its delisting w.e.f., August 16, 2012 as a result of buyback of shares by the sponsors under the Listing Regulations.
In view of the above Pakistan Telephone Cables Limited will be replaced by Javedan Corporation Limited in the KSE-100 Index w.e.f. the date of delisting of Pakistan Telephone Cables Limited i.e. August 16, 2012.
Javedan Corporation Limited has qualified for inclusion in the Index on the basis of “Market Capitalization Rule” on the last re-composition date carried out by the Exchange on February 29, 2012.
For more information, Contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136