BNWM to extend the shutdown of its production activities

In a notification sent to PSX on 26/03/2024 BNWM (Bannu Woollen Mills Ltd) has announced that it is extending the temporary shutdown of its production activities.

BNWM had released the notification on 12th March for a limited time closure of its production activities due to reduction in anticipated orders from
the mills’ dealers for the financial year 2024-2025. Today, the management has decided to extend the temporarily shut down of its production activities from 27 March 2024 to 14 April 2024.

The shares of BNWM were trading at 23.00 at the market closed today.

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →