Adamjee Insurance Maintains Dividend and Increases Interim Payout

Karachi: Adamjee Insurance Co. Ltd. NC (AICL) reported a closing rate of Rs. 32.40 per share, down from the daily weighted average of Rs. 31.56. With a substantial paid-up capital of Rs. 3,500.00 million, the company maintained a 30% dividend and announced an additional 15% interim distribution for 2023. The trading volume was significant, with a turnover of 42,991,500 shares, peaking at a high of Rs. 20.66. Shares are traded at a par value of Rs. 10, with a market lot of 500, and the company’s previous book closure date was on 12/09. Adamjee Insurance, a notable player in the market since 1961, continues its steady performance.