Ghandhara Tyre and Rubber Co. Struggles with Negative Earnings

Business & Finance

Karachi, Ghandhara Tyre and Rubber Co. (GTYR) encountered challenging market conditions with its shares trading at Rs. 45.62, a session high of Rs. 43.68, and a substantial trading volume of 45,494,000 shares.

According to information available from the Pakistan Stock Exchange (PSX), Ghandhara Tyre issued a 30% dividend in 2022 but reported negative earnings per share of Rs. 1.37 for the first four months of 2024. The company has been active on the exchange since 1982.