Bannu Woollen Mills shuts down production as demand falls

In a notification sent to the PSX on 12/03/2024., Bannu Woollen Mills Limited (BNWM) announced that it was shutting down its production temporarily.

BWNM has decided to shut its production temporarily as it anticipates that the mill dealers may reduce the orders frequency. 

The temporary closure will be effective from 13/03/2024 and the production will resume from 27/03/2024. It may affect the profit margin for the quarter.

The shares of BNWM were trading at Rs. 24.01 at market close today.