Shahtaj Sugar Mills Ltd. Announces Significant Dividend on Pakistan Stock Exchange

Karachi, Shahtaj Sugar Mills Ltd. (SHJS) experienced active trading with a high of Rs. 114.39 and an average rate of Rs. 114.48. The company, closing its books on 20/01, declared a 140% dividend for 2023, a notable increase from the previous year’s nil dividend. Shahtaj Sugar Mills, with a turnover of 120.11 million shares, has a paid-up capital of Rs. 86.56

million. The market lot for the company is 10 shares.

AKD Securities Limited Reports No Dividend; Closes at Rs. 20.04

Karachi, AKD Securities Limited NC, a notable player in the securities sector, reported no dividend for the year. The company’s today’s rate closed at Rs. 20.04. With a significant paid-up capital of Rs. 5,578.34 million, the company posted an EPS of Rs. 25.45 for 2023. The last book closure date was on 22/10.

Fatima Fertilizer Company Ltd. Adjusts Dividend Policy

Karachi, Fatima Fertilizer Company Ltd. (FATIMA), active in the Fertilizer sector, traded at Rs. 35.53 with a daily weighted average rate of Rs. 35.70. The company, holding a substantial paid-up capital of Rs. 21,000.00 million, adjusted its dividend policy, declaring 35% in 2022 and 17.50%(I) in 2023. The stock peaked at Rs. 37.1. The market lot is set at Rs. 10, with the previous book closure date on 08/09.

Sui Northern Gas Pipelines Reports Consistent Trading Performance

Karachi, Sui Northern Gas Pipelines Ltd. (SNGP) showed consistent trading performance on the Pakistan Stock Exchange. The company’s shares traded at Rs. 75.76, with a daily weighted average of Rs. 76.92. With a significant paid-up capital of Rs. 6,342.17 million, Sui Northern Gas Pipelines did not announce any distributions for the current year. The highest trading price for the shares was Rs. 79.4. The company has been listed since 26/07.

Javedan Corporation Ltd. Reports Significant Distribution Increase

Karachi, Javedan Corporation Ltd. (JVDC) announced a distribution increase from 40% to 60% for the year ending in June 2023. The company’s shares traded at Rs. 36.06 with a daily weighted average of Rs. 36.20. Having a paid-up capital of Rs. 3,808.60 million, Javedan Corporation’s shares saw a high of Rs. 51.7 in today’s market. The company has been a part of the Pakistan Stock Exchange since 19/10.

East West Insurance Reports Mixed Results

Karachi, East West Insurance Co. (EWIC), with a paid-up capital of Rs. 1,758.91 million, reported a rate of Rs. 52.75 in today’s trading. The company, listed since 2004, declared a 17.5% bonus and a 10% right distribution for the year ending December 2023. East West Insurance holds a market lot of 10, with its previous book closure date noted as April 21st. The company’s EPS stood at Rs. 75.32.