Thal Industries Corporation Announces 50% Distribution; Stock Priced at Rs. 297.39

Karachi, Thal Industries Corporation, trading under the symbol TICL in the Sugar and Allied Industries sector on the Pakistan Stock Exchange, closed today at Rs. 297.39. The company’s daily weighted average rate stood at Rs. 294.95. With a paid-up capital of Rs. 150.23 million, Thal Industries announced a substantial 50% distribution for the year 2023, following a 35% distribution in the previous year. The shares have a par value of Rs. 10 and a market lot of the same. The previous book closure was on 19th January, and the highest rate for TICL shares in 2024 hit Rs. 340.6.