Hum Network Ltd. Declares Stock Dividend

Karachi, Hum Network Ltd. (HUMNL), established in 2005, reported a share price of PKR 6.60 and a revenue of PKR 1,134.00 million. The company announced a 35% stock dividend and a 20% bonus issue. HUMNL's EPS was 5.25, with a net profit margin of 1.07%.

Systems Limited Announces Significant Dividend and Bonus

Karachi, Systems Limited (SYS), operational since 2015, reported a notable share price of PKR 420.86 and a revenue of PKR 2,912.79 million. The company declared a 50% cash dividend and a substantial 100% stock bonus. SYS's earnings per share (EPS) were recorded at 388.5, with a net profit margin of 23.98%.

Amreli Steels Ltd Reports No Financial Changes

Karachi, Amreli Steels Ltd, trading as ASTL, announced no dividends, bonus shares, or rights shares in its recent financial statement. The company's stock is valued at PKR 22.65, with a market capitalization of PKR 2,970.11 million. Established in 2015, Amreli Steels Ltd. has a face value of PKR 10 and has seen its share prices fluctuate between PKR 14.65 and PKR 4.61.

JS Momentum Factor ETF Records High Turnover

Karachi, The JS Momentum Factor ETF (JSMFETF), listed in 2022, has shown a strong performance in the market. The ETF's rate today was Rs 12.63, with a daily weighted average rate of Rs 12.55. With a fund size of Rs 76.799 million, it reported an impressive turnover of 32,816,500 units. The high and low rates for the year were Rs 10.62 and Rs 7.56, respectively. JSMFETF's iNAV is currently Rs 9.69.

Miscellaneous Sector Shows Steady Growth in Pakistan Stock Exchange

Karachi, The Miscellaneous sector in the Pakistan Stock Exchange demonstrated steady growth on December 27, 2023. The sector's market capitalization was reported at Rs. 92,124,147,635. It experienced a turnover of 1,025,822 shares, with a traded value of Rs. 47,433,832.97. The current index for the sector stood at 21,448.74, marking an increase of 341.97 points. This sector contributed 1.045% to the overall market capitalization and accounted for 0.153% of the total capital traded.

Govt taking steps to increase investment in IT sector: PM

Caretaker Prime Minister Anwaar-ul-Haq Kakar has said the government is taking steps to increase foreign investment in the Information Technology sector. Chairing a meeting to review progress on the Special Technology Zones in Islamabad today, he directed to chalk out necessary policies to attract IT experts from across the world for the development and promotion of IT sector in Pakistan. He said the IT sector can play a key role in the country's economy as Pakistan has a lot of potential to progress in this field. The meeting approved the restructuring of the Budget and Finance, Audit and Technical Committees of the Board of Governors of the Special Technology Zones Authority. The meeting also approved drafts of the Authority's Licensing Framework, Authority Procedures and Fee Regulations to the Technical Committee.

Source: Radio Pakistan