Category: Business & Finance

Lahore, Century Insurance Co. Ltd. (CENI), trading under the symbol CENI, has declared a dividend of 45% for this year, up from 25% previously. The company reported an EPS of Rs. 20.01 for January to March 2024. Established in 1989, Century Insurance has a paid-up capital of Rs. 553.26 million. Today's share price was Rs. 23.24, with the year's high and low at Rs. 23.24 and Rs. 20.01, respectively.

Karachi, The Alfalah Islamic Rozana Amdani Fund has reported stable offer and redemption prices at Rs. 100.57 and Rs. 100 respectively. Listed in 2020, the fund has not announced any distributions for the year ending June 2023.

Karachi, The Alfalah GHP Alpha Fund, operational since 2008, showed robust growth with its offer price at 85.75 and a redemption price of 82.94. The fund announced a distribution rate of 4.34% for 2022 while there were no distributions made in 2023.

Karachi, In the latest financial update from the Pakistan Stock Exchange, Cordoba Logistics & Ventures Ltd. (CLVL) showcased a remarkable first quarter performance for 2024, with an earning per share (EPS) of Rs 5. Despite no dividends issued this year, the company’s share price peaked at Rs 6.00, a substantial increase given the yearly trends. With a turnover that spiked to Rs 721.05 million, CLVL continues to demonstrate strong market presence since its listing in 1989.

Karachi, Honda Atlas Cars (Pakistan) Ltd. (HCAR) closed at 239.70 Pakistani Rupees per share, announcing a 70% dividend for the year. The company did not offer dividends in the previous year, marking a shift in its financial distribution policy. Honda Atlas, listed since 1994, reported an impressive EPS of 190.3 Rupees for the first quarter of 2024. The shares traded between 1,428.00 Rupees and 239.70 Rupees, indicating robust market activity and investor confidence.

Islamabad, Aisha Steel (ASLPS), which trades preference shares, today reported a stable closing stock price of 443.57 rupees with an earnings per share of 6.1 for the quarter. The company, having a significant trading lot size of 500 shares, declared a dividend of 1.18 rupees per share. Established in 2012, ASLPS maintains its presence in the market without any major fluctuations in share price or market activity.

Karachi, Attock Petroleum Ltd. (APL), a key player in the oil and gas marketing sector, has declared an impressive dividend of 450%, with an additional 25% bonus shares for the year 2024, continuing its trend of substantial shareholder returns. Listed in 2005, the company’s performance remains robust, as evidenced by the share price peaking at Rs. 392.64. Attock Petroleum has maintained a steady paid-up capital, reflecting stable financial health. The previous year’s earnings per share (EPS) stood at Rs. 351, indicating solid profitability.

Karachi, K-Electric Limited has issued a Sukuk, KELSC6, with a tenure of 7 years. This privately placed debt security has a market lot size of 1 unit valued at Rs. 100,000, with the total issue amounting to Rs. 6.7 billion. The next coupon payment is due on May 23, 2024.

Karachi, Maple Leaf Cement Factory (MLCF), with its shares listed since 1994, reported an EPS of Rs 34.03 for the first quarter of 2024. Today’s trading price was Rs 37.17. No dividends were announced, maintaining the company's recent trend of focusing on reinvestment.

Karachi, MIRPURKHAS SUGAR MILLS Ltd. (R) NC (MIRKSR) traded at Rs 8.02 today, indicating active market participation despite not declaring any distributions recently. The company's rate reflects its engagement in the market, maintaining visibility and investor interest in the 2024 trading period.

Karachi, Adam Sugar Mills Ltd. (ADAMS), one of the older entities on the Pakistan Stock Exchange, established in 1967, reported a downturn in its EPS to 32.3 for the first quarter of 2024, from a daily weighted average rate of 38.36. The company has reduced its dividend from 25% in 2022 to 15% in 2023, indicating a challenging year. The recent book closure was on August 4, reflecting its operational timeline.

Karachi, In a recent financial disclosure to the Pakistan Stock Exchange, Reliance Weaving Mills Ltd. (REWM) reported a closing rate of Rs. 308.11 with an earnings per share (EPS) for January to March 2024 set at Rs. 61.06. The company declared a 40% dividend for the year ending 2024, maintaining its consistent performance with no changes in its previous market lot of 500. Established in 1992, the firm has maintained a strong presence in the textile sector.