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Nishat Group (Urdu pronunciation: [niːˈʃaːt] nee-SHAHT) is a group of companies headquartered in Lahore, Pakistan. [1] [2] It was founded by in 1951. Mian Muhammad Mansha is the current chairman of the group. [3] At least eleven of the Nishat Group's subsidiaries are listed on the Pakistan Stock Exchange. [4] [5]
The PSX Dividend 20 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period. PSX Dividend 20 Index benchmark top 20 dividend paying companies at PSX based on the last 12-month dividend yield. [1] [2] [3] [4]
Nishat Power Limited was incorporated in February 2007 as an independent power producer. [12] It is a subsidiary of Nishat Mills Limited, which holds a 51 percent ownership stake. [13] Nishat Power commenced commercial operations on June 9, 2010. [12]
Nishat Group: Lahore: Adamjee Insurance, Adamjee Life Assurance, DG Cement, Lalpir Power, MCB Bank, MCB Funds, Nishat Mills Limited, Nishat Chunian Power, Nishat Power Limited, Pakgen Power [1] Packages Group: Lahore: Packages Limited [1] Sharif Group: Lahore –
In 2010, Lalpir Power was acquired by a consortium led by the Nishat Group at a price of PKR 14.9 per share. [12] In 2013, Lalpir Power was listed on the Karachi Stock Exchange following an initial public offering at a strike price of PKR 22 per share. [13] [14]
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The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. [ 4 ] [ 5 ] PSX was classified by MSCI as a frontier market on 8 September 2021.