Askari Life Assurance Co. Reports Negative EPS for 2022

Karachi, Askari Life Assurance Co. (ALAC) has reported a negative earnings per share (EPS) of Rs. (1.84) for the year ending December 2022. Despite this, the company, which has been listed on the Pakistan Stock Exchange since 1994, recorded a daily weighted average rate of Rs. 5.12 and a paidup capital of Rs. 1,501.72 million. The share price fluctuated between a high of Rs. 6.99 and a low of Rs. 5.16, with a turnover of 226,000 shares. ALAC has not announced any distribution for the fiscal year, indicating a challenging period for the company.