Askari General Insurance Co. Announces Dividend Increase Despite Lower Share Rate

Karachi: Askari General Insurance Co. NC (AGIC) closed the trading day on the Pakistan Stock Exchange with its shares at Rs. 16.50, a slight decrease from its daily weighted average of Rs. 16.48. Despite a high of Rs. 13.8, the company saw a significant turnover of 1,794,000 shares. Askari General Insurance, which has a paid-up capital of Rs. 719.02 million and a market lot of 500, announced an increase in distributions, from 27.50% in 2021 to 29% in 2023. The par value of shares is Rs. 10, and the previous book closure was on 21/04. Listed in 1996, the company has maintained a steady presence in the insurance sector.