Dewan Farooque Spinning Maintains Stability in Textile Sector Despite No Dividend Announcement

Karachi, Dewan Farooque Spinning Mills (DFSM), listed since 2005, reported an earnings per share (EPS) of 2.77 for the year 2022/2023. The company's stock fluctuated slightly, with a daily weighted average rate of 3.06 PKR against a closing rate of 3.02 PKR. Despite a substantial paid-up capital of 977.51 million PKR, DFSM declared no dividend for the years 2022, 2023, and 2024. The previous book closure was announced for October 19th, maintaining a market lot of 500 shares.