Dawood Equities Ltd Reports No Dividend, Shares Experience Wide Fluctuation

Karachi, Dawood Equities Ltd, operating under the symbol DEL on the Pakistan Stock Exchange, announced no dividend payout for the fiscal year ending in June 2023. The stock experienced significant volatility, with its rate peaking at Rs. 6.6 and dipping to Rs. 4.52, settling at a daily weighted average of Rs. 5.20. Despite a modest paid up capital of Rs. 275.00 million, the company opted not to distribute dividends to its shareholders. Trading volume for Dawood Equities Ltd reached 1,369,000 shares. Since its listing in 2008, the company has maintained a position in the market without declaring any dividends for this period.