KARACHI, July 18: The Karachi Stock Exchange, Friday announced that in all 15 applicants showed their interest by taking part in the bidding of four membership rights of the stock exchange.

According to the KSE, the offers received up to 5 p.m. on Friday by the General Manager, were opened at 5.15 p.m. at KSE by its Managing Director in presence of the bidders and their representatives as well as two members of the Board of Directors, Mohammed Younus Dangra and Salim M. Sozer.

The following is the list of bids: 1) Pak Kuwait Investment Co (Pvt) Ltd, Rs34.750m; 2) Bank Al Habib Limited, Rs31.00m; 3) Orix Investment Bank Pakistan Ltd, Rs30.250m; 4) Farooq Habib & Mohammad Junaid, Rs30.00m; 5) Habib Bank AG Zurich, Rs28.00m; 6) Saudi Pak Commercial Bank Ltd Rs28.00m; 7) Amanullah Khanani, Rs27.60m; 8) Invest & Finance Securities (Pvt) Ltd, Rs26.786m; 9) First Al Noor Modaraba, Rs26.50m; 10) Yousuf Yaqoob Kolia, Rs26.50m; 11) Azneem Bilwani, Rs25.50m; 12) Khawja Amir Ishaq, Rs25.00m; 13) Speedway Fontmetell (Pakistan) Ltd, Rs25.00m; 14) Noman Abid & Co (Pvt) Ltd, Rs25.00m; and 15) First General Leasing Modaraba, Rs23.60m.

The matter will be presented before the Board of Directors for their consideration and the decision of the Board regarding the process of disposal shall be communicated to the bidders, KSE announced.—APP