Biafo Industries Ltd. Announces Dividends Amid Solid Trading

Karachi, Biafo Industries Ltd. (symbol code: BIFO) traded at 109.04, just below its average of 109.59. The company’s paid-up capital stands at 463.83 million rupees. According to information available from the Pakistan Stock Exchange (PSX), Biafo Industries declared a 43% cash dividend and a 10% bonus. The firm traded 3,889,847 shares, with its stock price peaking at 129.75 and dipping to 92 rupees, reporting an earnings per share of 13.10.