Nishat Chunian Limited has proposed buying back up to 21 percent of its issued shares.

Share buybacks can influence market sentiment by reducing the total number of outstanding shares and reflecting management's view on company value. The KSE-100 index rose 0.47 percent today.

Possible impact on PSX shares

• NCL Nishat Chunian Limited▲ Could be positive

  Nishat Chunian proposed buying back up to 5 crore shares, which represents about 21 percent of its issued and paid-up shares, potentially influencing market demand.

  Price when this was written: Rs 38.05 · Live price, chart and results

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ProPakistani: Nishat Chunian to Buy Back 5 Crore Shares