Adamjee Insurance Company Limited: A Minor Move in Share Price
Adamjee Insurance Company Limited, a prominent player in the insurance sector, experienced a minor move in its share price, closing at 67.30 Pakistani Rupees on the Pakistan Stock Exchange (PSX). Despite this minor change, the company has a strong presence in the market, with a paid-up capital of 3.50 billion Rupees. Adamjee Insurance has consistently provided a 30% distribution for the years 2022 and 2023, but no distribution has been declared for 2024 as of the latest report.
Key Takeaways:
- Adamjee Insurance Company Limited's share price closed at 67.30 Pakistani Rupees on the PSX, compared to the daily weighted average rate of 67.54 Rupees.
- The company has a paid-up capital of 3.50 billion Rupees, with a par value of 10 Rupees per share and a market lot set at one share.
- Adamjee Insurance has consistently provided a 30% distribution for the years 2022 and 2023, but no distribution has been declared for 2024 as of the latest report.
- The company's fiscal year ends in December, and its shares have been listed on the exchange since 1961.
- In the first half of 2024, the share price of Adamjee Insurance reached a high of 57.2 Rupees and a low of 31.5 Rupees, with a turnover reflecting trading activity during this period.
- The earnings per share (EPS) for the fiscal year 2022/2023 was not detailed in the latest report.
- Adamjee Insurance is categorized under the insurance sector on the PSX, reflecting its primary area of business operations.
Statistics:
- Share price: 67.30 Pakistani Rupees (compared to 67.54 Rupees daily weighted average rate)
- Paid-up capital: 3.50 billion Rupees
- Par value: 10 Rupees per share
- Market lot: one share
- Turnover (first half of 2024): reflects trading activity during this period
- Highest share price (first half of 2024): 57.2 Rupees
- Lowest share price (first half of 2024): 31.5 Rupees
Sources:
- Pakistan Stock Exchange (PSX)
- "Adamjee Insurance Company Limited" published report, no date mentioned