Mughal Iron & Steel Industries. Achieves Strong Growth in Steel Sector

Karachi, Mughal Iron & Steel Industries (MUGHAL), a significant player in the steel sector, achieved strong growth in 2023. MUGHAL’s today’s rate stood at PKR 65.99, slightly above its daily weighted average rate of PKR 66.14. The company, with a paid-up capital of PKR 3,356.34 million, reported a robust EPS of PKR 11.75 for the period of January to November 2023. Since its listing in 2015, MUGHAL has declared consistent distributions, including a 32% distribution in 2023. The stock’s high rate was PKR 40.9 this year, indicating a strong market position.

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