Adam Sugar Mills Ltd Reports Moderate Dividend Amidst Active Trading

Karachi: Adam Sugar Mills Ltd (ADAMS) traded at a closing rate of Rs. 34.95 per share, with a daily weighted average rate of Rs. 34.53. The company announced a 15% first interim dividend for the year, following 25% in 2022 and 20% in 2021. With a paid-up capital of Rs. 172.91 million, the par value of Adam Sugar Mills’ shares is set at Rs. 10, traded in market lots of 500. The stock price peaked at Rs. 22.25 in the January to October 2023 period. Adam Sugar Mills has been listed on the Pakistan Stock Exchange since 1967.