Category: Business & Finance

Karachi, Unicap Modaraba, trading under UCAPM, reached a high stock rate of Rs. 2.87 while announcing no dividends for this period. With a paid-up capital of Rs. 236.40 million, the company experienced a turnover of 922,000 shares. Since its 1991 listing, Unicap Modaraba has shown a dynamic presence in the market.

Islamabad, The Askari Life Assurance Company Limited has announced the election of new directors at its 31st Annual General Meeting held on April 24, 2024. The election process was conducted in compliance with the Companies Act 2017, resulting in the appointment of seven members to serve on the Board for a three-year term.

The elected members include Lt Gen Nauman Mahmood (Retd), Mr. Rizwan Ullah Khan, Maj Gen Kamran Ali (Retd), Mr. Malik Riffat Mahmood, and Mr. Ijaved Yunus. Additionally, Mr. Tariq Hameed has been elected as an Independent Director, and Ms. Ayesha Rafique will serve as a Female Independent Director.

Karachi, Kohinoor Energy Ltd. (KOHE) reported a substantial dividend distribution for the fiscal year ending June 2022, with a final rate of 157.5% followed by an interim rate of 95% for the year 2023 and another interim rate of 55% for 2024. The company, listed in 1996, has a paid-up capital of Rs. 1,694.59 million. Despite fluctuating market conditions, KOHE saw its stock peak at Rs. 42 with a low of Rs. 9.29, reflecting significant trading activity with a turnover of 2,914,500 shares. The earnings per share (EPS) for the period from January to March 2024 was reported at Rs. 9.29.

Karachi, Diamond Industries Ltd (DIIL), listed on the stock market since 1995, recorded a quarterly EPS loss of Rs. -4.85. The company's share price moved between Rs. 35 and Rs. 90.00 on a turnover of 5,000 shares today. Diamond Industries, which boasts a paid-up capital of Rs. 10 million, announced no dividend payouts for the year.

Karachi, The Board of Directors of Honda Atlas Cars (Pakistan) Limited convened on April 24, 2024, at 10:00 a.m. and approved the annual budget for the fiscal year 2024-2025. This decision was reached during their scheduled meeting, which took place at the company's headquarters.

This budget approval is significant for the company's operations and financial planning for the upcoming year. The details of the budget have not been disclosed publicly but are expected to be communicated to the stakeholders involved.

Members of the Pakistan Stock Exchange are advised to update their records and inform their constituents about this development in line with the regulatory requirements and corporate governance norms.

Karachi, Asia Insurance Co. Ltd. (ASIC), with an established history since 1980, reported a negative EPS of Rs. (1.01). The company did not see any share activity today and has previously offered a minimal dividend of 5%. ASIC's capital stands at Rs. 730.08 million.

Karachi, Gillette Pakistan Ltd. NC (GLPL) showcased a strong quarter with an EPS of 3.57. The company's shares saw a high of Rs. 164.7 and a low of Rs. 318.72, with a daily weighted average rate of Rs. 146.29. Despite robust earnings, no dividends were distributed during the period. GLPL, a key player since 1988, continues to bolster its market presence with a paid-up capital of Rs. 124500 million.

Karachi, Hallmark Company (Ticker: HCL) experienced a downturn with a negative EPS of Rs (5.68) for the first quarter of 2024. The technology firm's shares traded at a high rate of Rs 502.2 but closed significantly lower today at Rs 998.03. With a remarkably low trading volume of 3,400 shares, the company did not announce any dividend or bonus distributions for this period. Its total paid-up capital was reported as Rs 5.00 million.

Karachi, Significant trading activity was noted in the Textile Composite sector on April 24, 2024, with a turnover of 17,641,318 and a traded value amounting to Rs. 676,287,184.40. With a previous index of 2,449,918.270 and a market capitalization percentage of 3.556, this sector remains a key player on the PSE.

Karachi, Al-Noor Sugar Mills Ltd. (ALNRS) has reported a robust increase in its dividend payout, with a distribution of 50% compared to 90% in the previous year. The company's EPS for the quarter was Rs. 204.74, with a share price reaching a high of Rs. 106.2 and a low of Rs. 101.33. The trading volume was reported at 300,500 shares.

Karachi, The glass and ceramics sector witnessed a turnover of 7,255,272 shares with a traded value of Rs. 265,965,784. The sector’s previous index was significantly high at 473,444,818.570, representing a smaller market capitalization percentage of 0.644%.

Karachi, Trading activity in the Cable and Electrical Goods sector was robust on April 24, 2024, on the Pakistan Stock Exchange. The sector saw a turnover of 11,736,129 shares and a traded value of Rs. 262,659,308.35. The index for the sector was at 16,590.70, and it accounted for 0.369% of the market capitalization.