Pakistan State Oil Co. Ltd. Lowers Dividend Despite Positive Earnings

Karachi, Pakistan State Oil Co. Ltd. (PSO), the largest player in the oil and gas marketing sector, declared a 75% dividend for 2024, down from 100% in the previous year. The company’s stock was heavily traded, with a high of Rs. 195.98 and a low of Rs. 137, leading to a turnover of 149,000,546 shares. The daily weighted average rate was Rs. 173.50, slightly higher than the day’s rate of Rs. 173.10. With a substantial paidup capital of Rs. 4,694.73 million, Pakistan State Oil reported a solid EPS of Rs. 12.06 for JanFeb 2024, showcasing its consistent financial performance and dominant market position.