Al-Ghazi Tractors Limited (PSX: AGTL) has announced the launch of its latest tractor model, the NH850, marking a significant milestone in the company’s product development efforts. The announcement was made in a filing to the Pakistan Stock Exchange (PSX) on Thursday.
The NH850, an 85 horsepower tractor, is designed to meet the evolving needs of the agricultural sector, reflecting AGTL’s commitment to innovation and customer satisfaction. “We are pleased to inform you that the Company has launched a new 85 HP tractor (the NH850). The NH850 represents a significant milestone in our journey as we continue to develop products that meet the changing needs of the agricultural sector,” the company stated in its stock filing.
Al-Ghazi Tractors Limited is primarily engaged in the manufacture and sale of agricultural tractors, generators, implements, and spare parts, as well as providing irrigation solutions for agriculture. The company operates as a subsidiary of Al-Futtaim Industries Company LLC, UAE.
Following the announcement, AGTL’s stock price rose by 6.82 percent, or Rs. 26.96, reaching Rs. 422.06, with nearly 20,000 shares traded by Thursday.
