Faisal Spinning Mills Ltd Showcases Strong Market Presence

Karachi, Faisal Spinning Mills Ltd. (FASM) demonstrated a strong presence in the Textile Composite sector, closing at Rs. 371.00 on the Pakistan Stock Exchange as of 18 Dec 2023. The company, with a paid-up capital of Rs. 100.00 million, maintained an average rate of Rs. 380.33. FASM declared a 214.50% distribution for both 2021 and 2022, and 115% for 2023. The stock reached a high of Rs. 433.36 and a low of Rs. 320, with a turnover of 177,800 shares. Listed since 1992, FASM reported an EPS of Rs. 235.93 for the year 2023.