Karachi, Pioneer Cement Ltd (PIOC) today closed at Rs. 138.84, with a slightly higher daily weighted average rate of Rs. 139.57. The company's financial health is solid with a paid-up capital of Rs. 2,271.49 million. This year, Pioneer Cement declared a 50% interim dividend, reflecting a shift in its financial distribution policy since its 1992 listing on the Pakistan Stock Exchange.