Adamjee Life Assurance Co. Ltd. Witnesses Significant Market Activity in 2023

Karachi: Adamjee Life Assurance Co. Ltd., a non-cumulative entity listed under the symbol ALIFE on the Pakistan Stock Exchange, disclosed its financial performance today. The stock is currently priced at Rs. 19.00, maintaining parity with its daily weighted average rate. The paid-up capital is reported at Rs. 2.5 billion, and no distributions have been declared for the year ending in December, except a 10% interim cash dividend for 2022. The EPS witnessed a fluctuation from Rs. 22.58 in 2021 to Rs. 11.8 in 2023. The turnover presented significant market activity, though no specific high and low rates were reported. The par value of the stock is Rs. 10, with a market lot of 500, and the last book closure was on 05/09. The company was listed recently in 2022.