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Insurance industry

Reliance Insurance Co. Ltd. Maintains Stability in Pakistan Stock Exchange

Strategic Insights

— 1 min read

Reliance Insurance Co. Ltd., a listed company under the symbol RICL, has continued to demonstrate a stable performance on the Pakistan Stock Exchange as of October 14, 2024. The company's shares have traded at a steady rate, with a daily weighted average price of Rs. 10.19 on October 15, 2024. With a paid-up capital of Rs. 665.38 million, Reliance Insurance has shown consistent growth in its distribution over the past years, offering a 10% distribution forecast for 2024.

Key Takeaways:

  • Reliance Insurance Co. Ltd. has maintained a stable performance on the Pakistan Stock Exchange as of October 14, 2024, with a daily weighted average price of Rs. 10.19 on October 15, 2024.
  • The company has a paid-up capital of Rs. 665.38 million and operates under the main board in the normal counter section of the market.
  • Reliance Insurance has shown consistent growth in its distribution over the past years, with a 10% distribution forecast for 2024.
  • The company's previous book closure was noted on April 20, with an original listing in 1983.
  • Reliance Insurance's earnings per share (EPS) for the fiscal year 2022/2023 were robust, contributing to the company's stable financial outlook and shareholder confidence.
  • The company's performance from January to June 2024 showed a high rate of Rs. 11.49 and a low rate of Rs. 8.13.
  • Reliance Insurance concluded its fiscal year in December and has shown consistent growth in its distribution over the past years.

Statistics:

  • Paid-up capital: Rs. 665.38 million (as of the provided data)
  • Daily weighted average price on October 15, 2024: Rs. 10.19
  • Forecasted distribution for 2024: 10%
  • High rate from January to June 2024: Rs. 11.49
  • Low rate from January to June 2024: Rs. 8.13
  • Company's par value: Rs. 10 per share
  • Market lot size: one share
  • Previous book closure date: April 20
  • Original listing year: 1983
  • Fiscal year conclusion date: December

Sources:

  • Pakistan Stock Exchange (PSX)
  • Reliance Insurance Co. Ltd.

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