Redco Textiles Ltd. Ends Without Dividend Declaration

Karachi: Redco Textiles Ltd. (REDCO) shares traded at Rs. 6.94 per share, while the daily weighted average stood at Rs. 6.62. The company's paid-up capital is Rs. 492.93 million, and no dividends were announced for 2023, extending the trend from previous years. Shares with a par value of Rs. 10 are traded in lots of 500. The company's stock reached a high of Rs. 5 with a total of 732,000 shares traded. Redco Textiles has been listed on the PSE since 1993.