• Download the Constitution of Pakistan
  • Advertise
Monday, July 28, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Finance

Pak Suzuki may delist from Pakistan Stock Exchange

by News Publishing
October 13, 2023
in Finance, News
Reading Time: 2 mins read
0
Pak Suzuki may delist from Pakistan Stock Exchange
Share on FacebookShare on TwitterLinkedinWhatsapp

Pak Suzuki Motor Company Ltd (PSMC) is thinking about leaving the Pakistan Stock Exchange (PSX) because its biggest owner wants to buy out the smaller shareholders. The Japanese car company has said it will discuss this proposal in a meeting on October 19.

Due to this news, PSMC’s stock price went up by 5.47% to Rs143.44, as investors rushed to buy shares in hopes of getting a higher price during the delisting process.

The value of the company’s shares on the stock market is currently low because they have reduced imports and production due to a shortage of dollars in the country. However, the rules of the PSX specify five methods to determine the benchmark purchase price during a voluntary delisting. The lowest purchase price cannot be lower than the highest of these five benchmarks.

An analyst from Arif Habib Ltd, Muhammad Abrar, believes that the expected price for the voluntary delisting will be around Rs222.30 per share, which is the average price over the last three years.

Currently, 26.5% of the company’s shares can be easily traded by the public. At a price of Rs222.30 per share, the total transaction value would be Rs4.8 billion.

The other four methods for determining benchmark prices include the average market price over the last five days (Rs133.20 per share), the estimated net realizable value of assets (Rs122.70 per share), the price-to-earnings ratio (which doesn’t apply because the company is losing money), and the price at which the major shareholder bought the company’s shares from the open market in the previous year (which also doesn’t apply here).

Tags: Pak SuzukiPakistan Stock Exchange
News Publishing

News Publishing

Related Posts

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

by News Publishing
June 24, 2025
0

The Government of Pakistan is working on securing two foreign loans totaling $3.3 billion from Chinese financial institutions, aimed at...

PSX stumbles over geopolitical tensions, oil price surge

PSX stumbles over geopolitical tensions, oil price surge

by News Publishing
June 23, 2025
0

The Pakistan Stock Exchange (PSX) came under significant pressure on Monday as heightened geopolitical tensions and a sharp rise in...

Next Post
Cricket World Cup 2023: Pakistan Announces Squad for Tomorrow’s Big Clash Against India

Cricket World Cup 2023: Pakistan Announces Squad for Tomorrow’s Big Clash Against India

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters