Aruj Industries Limited (PSX: ARUJ) has temporarily halted its production activities till further notice, the company informed the main bourse on Friday.
“Due to current economic conditions, low sales and working capital constraints the Company is facing losses. Therefore, the management of the Company has decided to temporary close/stop the production activities till further notice,” the stock filing stated.
ARUJ is principally engaged in the manufacturing of Fusible Interlining and Dying/Bleaching/Stitching of Fabric.
The company’s scrip at the bourse was Rs. 35.5, up 8.3 percent or Rs. 2.72 with a turnover of 14,949 shares on Friday.
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