J.K.Spinning Mills Ltd Announces Moderate Distributions; Trading Volume Remains Steady

Karachi: J.K.Spinning Mills Ltd (JKSM), with a listing date back to 1990, announced a year-end distribution of NIL for 2023, following a 20% distribution in 2022 and a 15% distribution in 2021. The share price for the day stood at Rs. 45.40, while the daily weighted average was slightly lower at Rs. 45.20. The company boasts a paid-up capital of Rs. 1,023.17 million and saw a year-to-date high of Rs. 34. A turnover of 286,000 shares was recorded with a market lot size of 500 shares. JKSM’s last book closure was on October 20th.