Shahmurad Sugar Mills Ltd. Delivers Strong Dividend Amid High Share Price

Karachi: Shahmurad Sugar Mills Ltd. (SHSML) reported a closing share price of Rs. 193.50, with the daily weighted average rate closely following at Rs. 193.64. The company’s paid-up capital stands at Rs. 211.19 million. A hefty dividend of 300%(II) for 2023 was announced, following a 200% dividend in 2022 and 30% in 2021. The share prices ranged from Rs. 205 to Rs. 107.05 during January to October 2023, with the net change posted at Rs. 6.42. Shahmurad Sugar Mills has a market lot of 100 and declared its last book closure on August 8, 2023. The company was listed in 1984.

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