Merit Packaging Ltd. Faces Market Challenges with No Dividend Distribution

Karachi, Merit Packaging Ltd. (MERIT) reported a today’s rate of Rs. 12.21 and a daily weighted average rate of Rs. 12.36. According to information available from the Pakistan Stock Exchange (PSX), the company holds a paid-up capital of Rs. 1,999.58 million. Despite no dividend distributions in recent years, the stock’s high was Rs. 13.95 and low Rs. 9.9, with a turnover of 14,606,500 shares, resulting in a negative EPS of Rs. -0.68. Listed since 1985, Merit Packaging continues to trade with a market lot of 10 shares.