Rawalpindi, Fauji Cement Co. Ltd. (FCCL) announced a dividend distribution of 12.5% despite the volatile market, with its share price slightly increasing from 18.12 to 18.24 Rupees. The company, boasting a substantial paid-up capital of 24,528.47 million Rupees, has consistently marked its presence since 1996. The strategic financial maneuvering, maintaining a par value of 10 Rupees, reflects a robust stance in a challenging economic environment, as evidenced by its commendable high rate of 16.2 Rupees and its commitment to shareholder value despite not issuing any dividend in the prior year.
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PSX Issues Buy-Back Directive for Three Companies Over Regulatory Non-Compliance
Karachi: The Pakistan Stock Exchange (PSX) has issued a compulsory buy-back directive to the sponsors and majority shareholders of three companies, following their continued failure to comply with specific financial regulations. The companies have bee...
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