Adamjee Insurance Co. Ltd. Maintains Shareholder Distribution Payouts Amid Market Fluctuations

Strategic Insights -

Adamjee Insurance Co. Ltd., a prominent player on the Pakistan Stock Exchange's Main Board, has consistently demonstrated stability in its distribution payouts despite market fluctuations. As of October 8, 2024, the company's shares were priced at Rs. 33.60, with a daily weighted average rate of Rs. 33.74. With a paid-up capital of Rs. 3,500.00 million and primarily operating in the insurance sector, Adamjee Insurance has shown resilience in maintaining its shareholder distributions, showcasing a stable financial outlook in the dynamic insurance industry.

Key Takeaways:

  • Adamjee Insurance Co. Ltd. has maintained its distribution payouts amidst market fluctuations, adhering to a consistent payout ratio of 30% in 2022 and 2023.
  • The company's shares were priced at Rs. 33.60 on October 8, 2024, with a daily weighted average rate of Rs. 33.74.
  • Adamjee Insurance's primary operations are in the insurance sector, with a paid-up capital of Rs. 3,500.00 million.
  • The company's shares reached a high of Rs. 40.53 and a low of Rs. 31.5 between January and June 2024.
  • The previous book closure was noted on September 9, with the fiscal year ending in December.
  • The market lot is set at 1 share, with a par value of Rs. 10.
  • The company has shown resilience in maintaining shareholder distributions, demonstrating a stable financial outlook in the dynamic insurance industry.

Statistics:

  • Market price of Adamjee Insurance Co. Ltd. shares on October 8, 2024: Rs. 33.60.
  • Daily weighted average rate of Adamjee Insurance Co. Ltd. shares: Rs. 33.74.
  • Payout ratio: 30% for 2022 and 2023, with a forecasted interim distribution of 15% for 2024.
  • Paid-up capital of Adamjee Insurance Co. Ltd.: Rs. 3,500.00 million.
  • Market lot: 1 share.
  • Par value: Rs. 10.
  • High share price between January and June 2024: Rs. 40.53.
  • Low share price between January and June 2024: Rs. 31.5.

Sources:

  • Karachi: Adamjee Insurance Co. Ltd., a mainstay on the Pakistan Stock Exchange's Main Board, has consistently maintained its distribution payouts amidst market fluctuations, according to the latest data available.

Pakistan Stock Exchange (PSX)