Philip Morris (Pakistan) Ltd. Sees Positive Movement

Karachi: Philip Morris (Pakistan) Ltd. (PMPK), a non-cumulative company, closed the trading day at PKR 548.99, whereas its daily weighted average rate was slightly higher at PKR 557.72. The company boasts a paid-up capital of PKR 615.80 million, according to PSE’s financial announcements. Operating on a December year-end schedule, PMPK declared no distributions for 2021, a 10% distribution for 2022, and no distributions for 2023. Shares are traded at a par value of PKR 10, with a market lot of 100. The company’s previous book closure was on 20/04, 2023. PMPK has been a part of the market since 1971, and from January to October 2023, the high and low rates were recorded at PKR 649.99 and PKR 265, with a positive value of PKR 37.46.