Adamjee Insurance Co. Ltd. Displays Strong Financial Results

Karachi, Adamjee Insurance Co. Ltd. (AICL), a prominent player in the insurance sector since 1961, showcased robust financial results in the recent disclosures. The company's paid-up capital stands at a substantial Rs. 3,500.00 million. AICL reported a daily weighted average rate of Rs. 35.23, slightly below its closing rate of Rs. 35.39. The company declared a 30% distribution along with an additional 15% interim distribution for the financial year 2022/2023. AICL's high rate touched Rs. 40.53, and its low rate was Rs. 7.39*, while the EPS for January 2024 stood at Rs. 2022/2023.