Globe Residency REIT Marks Its Presence with Active Trading and Significant Capital

Karachi: Globe Residency REIT (GRR) stood out in today’s trading session with a rate of Rs. 12.20, slightly above its daily weighted average rate of Rs. 12.01. The company has a substantial capital base of Rs. 1,400.00 million. While no distributions were declared for the years 2021 and 2022, the company has announced a 30% interim for 2023. The market witnessed active trading, with a high rate of Rs. 15.75 and a low of Rs. 8.32, resulting in a turnover of 42,082,000 shares. The par value is Rs. 10, the market lot is 500, and the previous book closure was on 29/09. Globe Residency REIT, having been listed since 2022, is progressively making its mark in the Real Estate Investment Trust sector with its active market presence and significant capital.