Suraj Cotton Mills Ltd. Faces Setback with Negative Earnings

Karachi, Suraj Cotton Mills Ltd., with the trading symbol SURC, reported negative earnings of Rs (9.29) per share for the first quarter of 2024. Despite this, the company declared a 40% dividend, alongside an additional 10% bonus dividend. The stock rate fluctuated between Rs 134.79 and Rs 134.38, with a notably low turnover of 4,000 shares.