Gharibwal Cement Ltd. Reports a Decrease in Distributions

Karachi, Gharibwal Cement Ltd. (GWLC) had a daily weighted average rate of Rs. 17.00, with a paid-up capital of Rs. 4,002.74 million as of June. The company reported distributions of 7.5% in 2021, 10% in 2022, with no distributions reported for 2023. The par value is Rs. 10, and the market lot is 500. The previous book closure was on 19th October 1962. From January to September 2023, the highest rate was Rs. 13.52, the lowest rate was Rs. 13655000, and the turnover was unreported.