Allawasaya Textile Mills Declares Dividend Amid High Share Price

Karachi, Allawasaya Textile Mills Ltd. NC (AWTX) announced a substantial dividend of 72.5% for 2023, with an additional 25% reserve dividend. Trading at a premium, today’s rate closed at Rs. 1255.00, with a minimal trading volume of 40 shares. The company’s paid-up capital stands at Rs. 8.00 million. According to information available from the Pakistan Stock Exchange (PSX), despite the high share price, trading has been minimal. The stock reached a high of Rs. 1352 and a low of Rs. 1255 during January to April 2024. The earnings per share (EPS) recorded a significant decline at Rs. -205.96 for 2022/2023.