Nimir Industrial Chemicals Announces Dividend Increase, Strong Quarterly Earnings

Karachi, Nimir Industrial Chemicals Limited (NICL) today reported a stable closing stock price of Rs. 102.95, which also represented the daily weighted average. The chemical company, which went public in 1996, declared a 25% dividend for the year, up from 20% the previous year, and an interim dividend of 10%. The trading volume was reported at 500 units per lot. For the January to March 2024 period, the company's earnings per share rose significantly to Rs. 85.