Metropolitan Steel Corp. Struggles to Maintain Profitability

Karachi, Metropolitan Steel Corp. (MSCL) reported a modest closing rate of Rs. 13.43, slightly higher than its daily weighted average of Rs. 13.49. According to information available from the Pakistan Stock Exchange (PSX), the company’s paid-up capital is Rs. 309.77 million, with no distributions announced for the fiscal year ending in June.

Since its listing in 1960, MSCL has seen a turnover of 76,000 shares between January and April 2024. The stock price has varied between a high of Rs. 21.9 and a low of Rs. 13.98, with an EPS of -Rs. 0.42 for 2022/2023, indicating ongoing financial struggles.