Fazal Cloth Mills Ltd. Reports High Dividend Distribution

Karachi, Fazal Cloth Mills Ltd. NC (FZCM) maintained a closing rate of Rs. 165.02. The company, with a paid-up capital of Rs. 300.00 million, announced a significant distribution of 300%, with a prior year’s dividend of 100%. Since its listing in 1970, FZCM’s stock hit a high of Rs. 209.8 and a low of Rs. 118.01. The turnover was recorded at 126,100 shares, contributing to an EPS of 181.06 for the year.

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President Lauds Saudi Envoy for Strengthening Pak-Saudi Ties

Islamabad: President Asif Ali Zardari has appreciated the Saudi Ambassador to Pakistan, Nawaf bin Said Al-Malkiy, for strengthening the longstanding fraternal and strategic ties between Pakistan and Saudi Arabia. He was talking to the Ambassador, who ...