Emco Industries Holds Steady with Modest Dividend

Karachi: Emco Industries Ltd., a stalwart in the cable and electrical goods sector, recorded a closing share price of PKR 27.25 and a daily weighted average rate of PKR 27.57. The company, with a paid-up capital of PKR 350 million, declared a consistent dividend payout of 5% for three consecutive years, 2021 through 2023. Trading activity peaked at a rate of PKR 20.88, with a total turnover of 884,500 shares during the January to October period. The shares are traded in market lots of 500, each with a par value of PKR 10. Emco Industries has been listed on the Pakistan Stock Exchange since 1984 and had its previous book closure on October 17.

Check Also

Pakistan Ready to Collaborate for Democratic UNSC, Says Ambassador Asim

New york: Pakistan stands ready to work with Africa and all partners for a just, democratic, and representative Security Council, truly reflective of the Charter's promise and responsive to the realities of our time. This was stated by the Permanent R...