Colony Textile Mills Ltd Remains Active in Market Without Distributions

Karachi: Colony Textile Mills Ltd (CTM), holding a significant paid-up capital of PKR 4,980.10 million, reported a closing share rate of PKR 2.43, slightly above its daily average. CTM has consistently opted not to distribute dividends, with no declared distributions for 2023, continuing the trend from previous years. The company’s shares have been actively traded with a volume of 9,058,000, hitting a high rate of PKR 1.55 for the year. CTM’s next book closure is scheduled for October 20, following its market presence that began in 2014.