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Karachi, Al-Abbas Sugar Mills Ltd. (AABS), listed on the Pakistan Stock Exchange since 1992, has announced a substantial dividend increase for its shareholders. The company’s earnings per share (EPS) for the year ending in 2023 rose to 212.22 from 173.62 in the previous year. This financial improvement has prompted a dividend increase to 560% from last year’s 550%. Today’s trading saw the company’s stock reach a high rate of 520 RS with a low of 210 RS and a turnover of 20,000, reflecting the market’s positive reaction to the financial results.
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The post SAI President Criticizes SBP’s Modest Rate Cut, Calls for More Aggressive Reductions appeared first on Pakistan Business News.