Al Shaheer Corporation Announces Dividend Despite Lower Earnings

Karachi, (PPI Bot): Al Shaheer Corporation Ltd. (ASC) announced a 50% right shares with no ordinary dividend, and a 25% right shares for the year, closing at Rs. 9.00, a slight decrease from its daily weighted average of Rs. 9.01. With a paid-up capital of Rs. 3,749.24 million, the company recorded an EPS of Rs. 0.38 for January-October 2023. Despite lower earnings with a high of Rs. 11.75 and a low of Rs. 6.2, the turnover was substantial, reaching 203,362,384 shares.