Pak Elektron Ltd Posts Modest Gains Amid Market Challenges

Lahore, Pak Elektron Ltd. (PAEL) reported an earnings per share of Rs 1.33* for the year ending in December 2023. The company’s shares were traded at Rs 23.02, with a slight variance in the daily weighted average rate of Rs 22.95. Despite not declaring any dividends recently, PAEL saw a significant turnover of 360,181,540 shares. The company, with a vast paid-up capital of Rs 8,560.12 million, has been active since 1988, providing key electrical solutions and appliances in Pakistan.