Dewan Farooque Motors Limited Reports No Dividend; Shares Trade Low

Karachi, Dewan Farooque Motors Limited (DFML), engaged in automobile assembly, has declared no dividend for the current year, consistent with its previous years’ stance. The shares experienced a trading range between 18.35 Rs and 18.16 Rs, highlighting minimal fluctuations. The company, with a considerable paid-up capital of 1,387.35 million Rs since its 2000 listing, reveals an earnings per share of 12.7 Rs for the January-March 2024 period. Despite the absence of dividends, Dewan Farooque Motors continues to be a significant name in the industry, with a market lot of 1.