Dawood Lawrencepur Announces 70% Dividend Amidst Market Challenges

Karachi, Dawood Lawrencepur Ltd., operating under the symbol DLL, has declared a significant 70% dividend despite facing a challenging market environment. According to information available from the Pakistan Stock Exchange (PSX), the company, with a paid-up capital of Rs. 593.00 million, reported a daily weighted average rate of Rs. 228.53 and a today’s rate of Rs. 236.00.

The shares have a par value of Rs. 10, with a market lot of 1. During January to April 2024, Dawood Lawrencepur saw a high rate of Rs. 264.97 and a low rate of Rs. 215, with a turnover of 118,217 shares. The earnings per share for 2022/2023 were recorded at -Rs. 2.31. The company has been listed since 1953, making it one of the older entities on the exchange, with the last book closure on May 23, 1953.