Reliance Insurance Co. Ltd Set to Increase Dividends

Karachi, Reliance Insurance Co. Ltd (RICL) closed today at Rs. 9.35. The company has a paid-up capital of Rs. 665.38 million and plans to increase its dividends from 5% this year, with an additional 5% bonus, to 10% next year. According to information available from the Pakistan Stock Exchange (PSX), RICL was listed in April 1983 and traded 568,500 shares. The stock price peaked at Rs. 11.3 and dropped to Rs. 8.45 from January to April 2024, with an earnings per share of Rs. 0.7 for 2022/2023.