Transaction of 40,000 shares of K-Electric Limited.

Karachi -- K-Electric Limited informed Pakistan Stock Exchange about transaction of shares of the company. 16,000 shares @ Rs. 5.46 per share were bought from the market on August 06, 2018, 4,000 shares @ Rs. 5.40 per share were bought from the market on August 07, 2018 and 20,000 shares @ Rs. 5.65 per share were sold in the market on August 10, 2018 through CDC.

The announcement is available at:

https://www.psx.com.pk/notices-updates/detail2.php?0.8379684732435222&id=4&nid=123799

K-Electric Limited formerly Karachi Electric Supply Company Limited was incorporated as a limited liability company on September 13, 1913. The foundations of the business were laid using the repealed Indian Companies Act, 1882 which is now referred to as the Companies Ordinance, 1984. The company is engaged in the business of generation, transmission and distribution of electric energy to industrial and other consumers under the Electricity Act, 1910 and Nepra Act, 1997. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The company is...