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Karachi: Shares of Feroze1888 Mills Ltd. (FML) closed at PKR 85.00, while the daily weighted average was slightly higher at PKR 86.19. The company’s substantial paid-up capital of PKR 3,994.09 million was complemented by a distribution of 109.30% for the year 2023. Previously, FML had declared a 34.3% distribution for 2021 and an adjusted rate plus bonus totalling 42.70% for 2022. With a market lot of 500, the company experienced a turnover of 1,322,000 shares this year and has been listed since 1975.
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