United Insurance Co. of Pakistan Reports Significant Distribution Increase

Karachi: United Insurance Co. of Pakistan Ltd. (UNIC) had a closing rate of PKR 11.09 with a slightly lower daily weighted average rate of PKR 10.99. UNIC, holding a paid-up capital of PKR 3,467.50 million, declared a 45% distribution for the current year, showing a substantial increase from the previous 10%. The company’s shares reached a high rate of PKR 7.50 from January to October, with 4,296,500 shares traded. Listed since 1960, UNIC’s upcoming book closure date is November 8.