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Karachi, Saritow Spinning Mills Ltd has experienced significant financial distress, reporting a negative EPS of Rs. (14.45) for January-February 2024. With no dividends declared for this period, the company, listed since 1990, is facing stark challenges within the textile sector. The daily weighted average rate was Rs. 6.23, pointing to a severe downturn in market performance and raising concerns about the firm’s future trajectory.
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