Day: December 4, 2023

Reliance Weaving Mills Reports Mixed Results

Karachi, Reliance Weaving Mills, symbolized by REWM, closed at Rs. 68.99, with a daily weighted average rate of Rs. 71.25. The company’s paid-up capital is Rs. 308.11 million. Distributions were 75% in 2021, 40% in 2022, and no distribution in 2023. T…

Indus Motor Company Ltd. Posts Exceptional Financial Growth

Karachi, Indus Motor Company Ltd. (INDU) posts exceptional financial growth with percentages of 1035%, 937.50%, and 718%. The stock value increased from 1251.89 to 1255.81. INDU’s shares traded are 786.00, with a year’s high of 1228.23, a volume of 80…

Sapphire Textile Mills Ltd. Achieves Strong Financial Results

Karachi, Sapphire Textile Mills Ltd., trading as SAPT, closed at Rs. 1175.00, with a daily weighted average rate of the same value. The company, with a paid-up capital of Rs. 216.90 million, declared distributions of 150% in 2021, and 100% in both 202…

Atlas Stock Market Fund Shows Modest Distribution for 2021

Karachi, In the recent market report of the Pakistan Stock Exchange, the Atlas Stock Market Fund, listed since 2004, disclosed a stable financial performance. The fund held both its offer and redemption prices at 871.78 as of June 2023, with a distrib…

HBL Islamic Financial Planning Fund Active Allocation Plan

Karachi, For 2023, the Active Allocation Plan of the HBL Islamic Financial Planning Fund, listed in 2017, reported its financial status. The fund’s offer price was Rs 96.89, with a redemption price of Rs 94.75. No distributions were declared for the y…

Shams Textile Mills Ltd. Records Stable Performance in 2023

Karachi, Shams Textile Mills Ltd., symbolized by STML, saw its stock rate at Rs. 23.25. The company’s paid-up capital stands at Rs. 86.40 million. It declared a 20% distribution in 2021, with no distributions in 2022 and 2023. The par value is set at …

HBL Islamic Asset Allocation Fund Declares Distribution for 2023

Karachi, HBL Islamic Asset Allocation Fund, listed in 2016, has released its financial details for the fiscal year 2023. The fund’s offer price was 140.43, with a redemption price of 137.33. It declared a distribution of 7.00% for the year, amounting …

Suraj Cotton Mills Ltd. Demonstrates Strong Market Presence

Karachi, Suraj Cotton Mills Ltd., trading under SURC, closed at Rs. 146.00. The company has a paid-up capital of Rs. 488.10 million. Distributions were 100% with a 10% bonus in 2021, 40% in 2022, and 10% with a 10% bonus in 2023. The par value is Rs. …

Jahangir Siddiqui & Co Declares 15% Preference Right Share

Karachi, Jahangir Siddiqui & Co has proposed a preference right share issue at a rate of 15%. This corporate action has been communicated to the Pakistan Stock Exchange as a measure to potentially raise capital. The company is yet to announce the sche…

Bank Makramah Limited Reveals Rights Issue at 65%

Karachi, Bank Makramah Limited, previously known as Summit Bank Limited, has disclosed a forthcoming rights issue at a rate of 65%. The announcement made to the Pakistan Stock Exchange indicates an expansion strategy through the rights issue. Further …