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Nishat Power Reports Increased Dividends and Earnings

Lahore, Nishat Power Ltd., bearing the symbol XD NC on the Pakistan Stock Exchange, announced a final cash dividend of 45% for the year ending June 2023, along with an interim dividend of 70% for 2024, which includes an additional 45% distribution for par value Rs. 10 per share. The company’s earnings per share surged to Rs. 27.75 from January to April 2024, up from Rs. 11.55 in the previous fiscal period. Nishat Power, first listed in 2009, has a paid-up capital of Rs. 3,540.89 million and a market lot size of 1,000 shares. The last book closure was on May 7, 2024.

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PSX Issues Buy-Back Directive for Three Companies Over Regulatory Non-Compliance

Karachi: The Pakistan Stock Exchange (PSX) has issued a compulsory buy-back directive to the sponsors and majority shareholders of three companies, following their continued failure to comply with specific financial regulations. The companies have bee...

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