Atlas Insurance Announces 70% Distribution; Stock Performs Strongly

Business & Finance

Karachi, Atlas Insurance Ltd. (ATIL) announced a significant 70% distribution to its shareholders, showcasing strong performance with a closing rate of Rs. 41.04. The company, listed since 1957, saw its stock reach a high of Rs. 43.53 and a low of Rs. 39, with a turnover of 341,000 shares. The daily weighted average rate was reported at Rs. 1,494.16, and the EPS for the January February 2024 period was Rs. 7.7. ATIL’s positive momentum is reflected in its active trading and substantial distribution.