Author: Web Desk

Karachi, Nimir Resins closed the day at PKR 20.06, the same price it opened at, in today's trading on the Pakistan Stock Exchange. The stock moved slightly between PKR 19.9 and PKR 19.95, with a total of 49,500 shares traded.

Karachi, Pak Suzuki Motor Co. Ltd., a key player in the automotive sector, experienced a challenging period with a reported earning per share (EPS) of Rs. (77) for January-February 2024. Despite these challenges, the company's shares maintained a consistent rate of Rs. 609.00 in trading on the Pakistan Stock Exchange. Pak Suzuki Motor Co., which was listed in 2011, did not announce any dividend distribution during this period. The company’s turnover reached 12,619,693 shares, indicating significant market activity despite the financial downturn. This period marks a crucial phase for Pak Suzuki as it navigates through its fiscal challenges.

Karachi, Next Capital's stock ended the day unchanged at PKR 4.81, with shares fluctuating between PKR 4.6 and PKR 4.75. The trading volume was relatively low, with just 4000 shares exchanged during the session.

Karachi, In a subdued trading day, Nestle Pakistan's share price saw no change, opening and closing at PKR 7210.11. The stock traded as low as PKR 7200, with only 200 shares being traded, indicating a thin market for the company's shares.

Karachi, In a significant financial turnaround, Atlas Battery Ltd., trading as ATBA on the Pakistan Stock Exchange, showcased exceptional performance with a daily weighted average rate of 250.43 RS and an EPS of 62.86 for the year 2022/2023. The company, which ended the period on a high note, announced a distribution of 125% and an additional 25%B, marking a stark contrast to its previous standings. With a robust turnover of 2,909,500, Atlas Battery has demonstrated its prowess in the market, achieving a high rate of 350.17 RS.

Karachi, Murree Brewery's stock remained stable in today's market, opening and closing at PKR 345. The day's trading saw the stock's price fluctuate narrowly between PKR 340.07 and PKR 340.07, with a modest volume of 400 shares traded.

Karachi, Dadex Eternit Ltd (DADX), listed on the Pakistan Stock Exchange, announced a significant loss in its financial performance for the period of January-February 2024, with an Earnings Per Share (EPS) of (Rs 39.02). Despite maintaining a stable rate at Rs 33.88, the company's turnover reached 34,500, indicating a challenging period. Dadex Eternit Ltd, which holds a paid-up capital of Rs 107.64 million, did not declare any distribution for the period, maintaining a consistent approach from the previous year.

Karachi, In today's trading session on the Pakistan Stock Exchange, Modern Aluminum (Mod.Al-Mali-) saw a slight increase in its closing price, settling at PKR 5.47, up from its opening at PKR 5.28. The stock fluctuated between PKR 4.5 and PKR 4.59 throughout the day, with a total of 914,500 shares changing hands.

Karachi, Amreli Steels Limited (ASTL), a key entity in the engineering sector, observed a decline in its stock price, closing at Rs. 21.85, with a daily weighted average rate of Rs. 21.93. The company reported a negative earnings per share (EPS) of Rs. (2.28) for the period of January-February 2024, underlining the financial hurdles it faces. With a paid-up capital of Rs. 2,970.11 million, Amreli Steels did not announce any dividends for the fiscal year, reflecting its strategic focus on overcoming current economic challenges. The trading volume stood at 22,350,499, indicating substantial market engagement.

Karachi, Media Times Ltd (MDTL) saw a slight increase in its share price in Thursday's session on the Pakistan Stock Exchange. The company's stock opened at PKR 1.58 and closed slightly higher at PKR 1.6. The trading range was between PKR 1.4 and PKR 1.57, with a substantial volume of 108,000 shares traded. The closing price was reported at PKR 1.55.

Islamabad, Oilboy Energy Ltd. (OBOY), operating within the oil marketing sector, reported a loss, marking an earnings per share (EPS) of Rs. (0.75) for the fiscal year 2022/2023. The company announced a 150% rights share to its shareholders, a strategic decision aimed at strengthening its financial footing. Trading activity showed OBOY's shares at a closing rate of Rs. 5.57, with a turnover of 8,058,500 shares on the Pakistan Stock Exchange (PSE). Oilboy Energy's move to issue rights shares is a pivotal step towards capital enhancement and operational expansion.

Karachi, MCB Investment Management (MCBIM) showed a consistent performance in Thursday's trading, with the opening and closing prices both at PKR 28. The stock remained steady with no variation, recording a low and high of PKR 28. A total of 1,000 shares were traded, and the closing price was marginally higher at PKR 28.1.