Cordoba Logistics and Ventures Ltd. Sees Modest Gain Amid Strong Dividend Announcement

Karachi, Cordoba Logistics and Ventures Ltd. (symbol code: CLVL) traded at 8.67, just below its average of 8.76. The company’s paid-up capital is 721.05 million rupees. According to information available from the Pakistan Stock Exchange (PSX), Cordoba announced a robust 226.19% rights issue. Despite the dividend announcement, the company’s stock saw modest trading, with 2,228,500 shares traded, peaking at 8.43 and dipping to 5 rupees, reporting an earnings per share of 0.52.