Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

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PROPOSED RIGHT ISSUE

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Company                                                                        Rate

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Pervez Ahmed Securities (at a discount of Rs  5/- ie Rs 5/- per share)      231.08%

United Brands                                                                  800%

Pervez Ahmed Securities (at a discount of 80% ie Rs 2/- per share)          189.39%

Media Times Ltd. (at a discount of Rs 5/- per share)                            14%

Summit Bank Ltd.                                                                65%

Jahangir Siddiqui & Co. Ltd. (Preference Right Shares)                          15%

PICIC Insurance (at a discount of Rs 5/- per share)                            200%

Descon Oxychem Ltd. (Preference Right Shares)                                  100%

Pak Gulf Leasing Ltd. (at a dis. of Rs 3/- per share)                        28.15%

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