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    PSO   PK0022501016

PAKISTAN STATE OIL COMPANY LIMITED

(PSO)
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Pakistan State Oil : Change of Member - Board of Management of Pakistan State Oil Company Limited

07/09/2020 | 08:17am EDT

Pakistan State Oil Company Limited informed Pakistan Stock Exchange that Mr. Irian Ali, Member, Board of Management has ceased to be the Member, Board of Management of the Company with effect from July 08, 2020 and Mr. Omer Rasul has been appointed as Member, Board of Management in his place from the same date.

The announcement is available at:

https://dps.psx.com.pk/download/image/149756-1.gif

Pakistan State Oil Company Limited is a public limited company incorporated in Pakistan in 1976. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are procurement, storage and marketing of petroleum and related products. The company is also known for blending various kinds of lubricating oils. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The products which the company sells include Motor Gasoline, High Speed Diesel, Furnace Oil, Jet Fuel, Kerosene, CNG, LPG, Petrochemicals and Lubricants. The distribution network of the company comprises of 3,689 outlets out of which 3,500 outlets serve the retail sector and 189 outlets serve the bulk customers. In addition to retail customers more than 2,000 industrial units, business houses, power plants and airlines are being fueled by the company. The associated companies of PSO are Asia Petroleum Limited with 49% shareholding and Pak Grease Company Limited with 22% shareholding percentage. The industry association and trade bodies of the company include Management Association of Pakistan and World Economic Forum.

The symbol "PSO" is being used by the stock exchanges for the shares of Pakistan State Oil Company Limited.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
PAKISTAN STATE OIL COMPANY LIMITED 0.34% 220.84 End-of-day quote.2.57%
PAKISTAN STOCK EXCHANGE LIMITED 3.88% 24.65 End-of-day quote.66.33%
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Financials
Sales 2021 1 217 B 7 494 M 7 494 M
Net income 2021 22 631 M 139 M 139 M
Net Debt 2021 - - -
P/E ratio 2021 4,33x
Yield 2021 6,00%
Capitalization 104 B 638 M 639 M
Capi. / Sales 2021 0,09x
Capi. / Sales 2022 0,07x
Nbr of Employees 2 789
Free-Float 100%
Chart PAKISTAN STATE OIL COMPANY LIMITED
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Technical analysis trends PAKISTAN STATE OIL COMPANY LIMITED
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 220,84 PKR
Average target price 295,39 PKR
Spread / Average Target 33,8%
EPS Revisions
Managers and Directors
Syed Muhammad Taha Chief Executive Officer, Director & MD
Gulzar Khoja Chief Financial Officer
Zafar I Usmani Chairman
Tara Uzra Dawood Independent Director
Mohammad Shahid Khan Independent Director