Tariq Corporation Ltd. Reports No Dividend; Rights Issue at 25%

Karachi, Tariq Corporation Ltd. (TCORP) disclosed its financial outcomes for the fiscal year ending in September 2023, declaring no dividend for the year. However, the company announced a 25% rights issue. Trading at a daily weighted average rate of Rs. 15.58, the stock reached a high of Rs. 17.36 and a low of Rs. 13, with a significant turnover of 5,423,500 shares. Tariq Corporation Ltd., with a substantial paidup capital of Rs. 529.70 million and a market lot of 500, has been listed on the Pakistan Stock Exchange since 1967. The company’s EPS for January to February 2024 was recorded at Rs. 6.46.