Gul Ahmed Textile Mills Ltd. Announces Financial Performance for Jan-Feb 2024

Karachi, Gul Ahmed Textile Mills Ltd., a prominent textile company listed on the Pakistan Stock Exchange, reported its financial performance for the months of January and February 2024. The company's earnings per share (EPS) stood at Rs. 5.39 for the fiscal year 2022/2023. Despite not declaring any dividends for the period, Gul Ahmed Textile Mills announced a 20% bonus for its shareholders, maintaining its tradition of rewarding investors. The company's stock experienced significant activity, with a daily weighted average rate of Rs. 19.62, reaching a high of Rs. 29241205 and a low turnover rate. Established in 1970, Gul Ahmed Textile Mills continues to play a vital role in Pakistan's textile industry with a paid-up capital of Rs. 7,400.60 million. The stock market lot size for the company is set at 10 shares, with the previous book closure year of listing in January-February 2024, indicating a stable performance amidst the market's dynamics.