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.

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

⚠️ 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 →