Reliance Insurance Co. Maintains Consistent Dividend Distribution in 2023

Karachi: Reliance Insurance Co. Ltd. (RICL) reported its shares trading at Rs. 7.52, although no daily weighted average was posted. Despite the missing average, RICL announced a consistent dividend and bonus of 5% each for the third consecutive year. The company's paid-up capital stands at Rs. 665.38 million, with shares having a par value of Rs. 10. The trading session ended with a turnover of 1,796,500 shares. RICL, with a market lot of 500, has been listed since 1983 and had its last book closure on April 19.