Artistic Denim Mills Limited Announces Strong Dividend and Market Performance

Karachi, Artistic Denim Mills Limited (ADMM), a significant player in the textile composite sector, reported a robust market performance, closing at Rs. 50.00, closely aligning with its daily weighted average rate of Rs. 49.94. The company, with a paid-up capital of Rs. 840.00 million, declared a 20% dividend for 2022 and 35% for 2023. ADMM’s shares reached a high of Rs. 60.5, showcasing strong investor interest. Listed since 17th October, Artistic Denim Mills Limited stands out with its substantial financial distributions and stable market presence.