Ittefaq Iron Industries Faces Challenges with Negative Earnings

Karachi, Ittefaq Iron Industries NC (ITTEFAQ) trades at Rs. 6.36, slightly above its daily average of Rs. 6.31. Despite not declaring any dividends and recording a negative earnings per share of Rs. -0.65, the company saw considerable trading volume with 27,737,500 shares exchanged. According to information available from the Pakistan Stock Exchange (PSX), Ittefaq Iron's stock price ranged from Rs. 8.35 to Rs. 5.87, underlining ongoing market challenges.