Karachi, Dawood Equities Limited informed Karachi Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 27, 2014. The agenda of the meeting was discussion of un-audited interim profit and loss account for the quarter ended September 30, 2014 which portrayed a profit of Rs. 597,264 and earnings per share 0.02 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Dawood Equities Limited is a company incorporated in Pakistan on May 3, 2006 as public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. It is also registered under the Securities and Exchange Commission of Pakistan as a broker. The activity of the company includes providing equity trading platforms for the capital markets within the brokerage of listed equities, underwriting and other investments service industry of Pakistan. The company has corporate membership and the sticks are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The symbol “DEL” is being used by the stock exchanges for the shares of Dawood Equities Limited.
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