Karachi: In the Pakistan Stock Exchange today, Reliance Cotton Spinning Mills Ltd. (RCML) experienced a downturn in share price, closing at PKR 395.9, a notable decline from its opening price of PKR 637.50. The stock reached a high of PKR 750 and a low of PKR 395.9 with a total of 50,750 shares changing hands during the trading session.

The company, which has been listed since 1993, has maintained a consistent record of annual distributions over the past three years, declaring a 50% distribution in 2021, a 75% distribution in 2022, and a 40% distribution for the current year ending in June.