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KOHAT CEMENT’s BoD approves buyback of 5mn shares

The Board of Directors (BoD) of Kohat Cement Company Limited (PSX: KOHC) on Tuesday approved the purchase/buy-back of up to five million of its own issued ordinary shares, having a face value of Rs10 each, out of the distributable profits/reserves, the company filing’s on PSX showed today.

The company is engaged in the production and sale of cement.

At the time of writing, the scrip of the company is being traded at Rs133.78, up by Rs9.33 or 7.50% DoD.

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