Elahi Cotton Mills Ltd Maintains Steady Trading Amid No Dividend Payout

Karachi, Elahi Cotton Mills Ltd, symbol ELCM, remains steady in the market with a today’s rate of Rs. 85.46 and a daily weighted average rate of Rs. 78.62. The company holds a paid-up capital of Rs. 13.00 million. According to information available from the Pakistan Stock Exchange (PSX), Elahi Cotton did not declare any dividends for the reporting period, maintaining a conservative fiscal approach despite a stable trading environment.

From January to April 2024, the stock price varied between Rs. 74.9 and Rs. 67.55, with a relatively low turnover of 5,500 shares. The earnings per share were recorded at Rs. 0.63 for 2022/2023. Elahi Cotton has been part of the market since 1974, with the last book closure on October 19, 1974.