Day: March 1, 2024

Karachi, The Property sector reported a minor decrease on the Pakistan Stock Exchange as of March 1, 2024, with its index declining by 22.58 points. The market capitalization for the sector was Rs. 21,595,194,718, contributing 0.232% to the total market. There was a notable trading activity with a turnover of 2,199,282 shares and a traded value of Rs. 22,823,511.320.

Karachi, IGI Life Insurance Ltd. recorded a marginal EPS of Rs. 0.25 for the year. Despite a lack of dividend announcement, the company, listed in 1995, showed resilience in its stock performance with rates oscillating between Rs. 14.4 and Rs. 12.01, and a turnover of 175,500 shares.

Karachi, The Real Estate Investment Trust sector witnessed a decline in its index by 137.56 points as reported on March 1, 2024, on the Pakistan Stock Exchange. The sector’s market capitalization was reported at Rs. 32,062,320,000, making up 0.344% of the total market. The trading activity was marked by a turnover of 805,500 shares and a traded value of Rs. 10,978,725.

Karachi, TPL Trakker Ltd. (TPLT), another entity under the TPL umbrella listed in 2020, reported an earnings per share (EPS) of Rs. (0.23) for the early months of 2024. The stock experienced a trading range between Rs. 8.5 and Rs. 6, with a total of 1,649,000 shares changing hands. Similar to its affiliated company, TPL Trakker did not declare any dividend or distribution. The firm’s capital stands at Rs. 1,872.63 million, reflecting its financial structure during the reporting period.

Karachi, Sindh Modaraba (SINDM), listed since 2015 with a paidup capital of Rs. 450 million, has reported its financial metrics for the JanuaryFebruary 2024 period. The stock reached a daily weighted average rate of 9.9, with a turnover of 91,500. SINDM announced a 12% distribution for the fiscal year ending in June 2024. The company experienced a high rate of 9.9 and a low rate of 7.7, maintaining a market lot of 500. Earnings per share information was not disclosed.

Islamabad, Pakistan State Oil Co. Ltd. (PSO), the nation’s leading oil marketing company, disclosed an EPS of Rs. 12.06 for JanuaryFebruary 2024. The firm’s stock traded between Rs. 195.98 and Rs. 137, with a massive turnover of 149,000,546 shares. PSO, listed since 1977, declared a 100% dividend, signaling strong operational performance and financial health.

Karachi, Exide Pakistan Ltd. has announced a noteworthy increase in its earnings per share, reaching Rs. 97.13 for the period ending in March 2024. The company, which did not announce any dividend distribution, saw its turnover grow to 1,519,400. Listed in 1982, Exide Pakistan marked a daily weighted average rate of Rs. 388.88, with a high market rate of Rs. 450.00 and a low of Rs. 358.68. The firm’s paidup capital is reported at Rs. 100 million.

Karachi, Habib Rice Products Ltd. (HRPL) continued its commitment to shareholders by announcing a 40% dividend. The stock’s trading range was between Rs. 41.93 and Rs. 37.01, finalizing at Rs. 200. The turnover was 85,500, indicating active market participation. Despite the challenging market dynamics, Habib Rice Products managed a solid earnings per share of Rs. 8.33, underscoring its robust financial health.

Karachi, Javedan Corp Preference (JVDCPS) has shown negligible activity with a daily weighted average rate of 0.51 Rs. for the financial period ending in June, with no additional financial data reported. The preference shares have not listed any turnover, indicating minimal market movement during this period.