Cherat Packaging Limited Experiences Notable Stock Price Movement on PSX

Strategic Insights -

Cherat Packaging Limited, a major player in the paper, board, and packaging industry, saw a significant shift in its stock price on the Pakistan Stock Exchange (PSX) on July 15. The company's share price closed at Rs. 127.93, reflecting a notable change from its previous performance. With a paid-up capital of Rs. 490.95 million and a par value of Rs. 10, Cherat Packaging's financial health has been marked by various distributions, including a 30% bonus for 2022, a 45% distribution for 2023, and a 10% interim distribution for 2024.

Key Takeaways:

  • Cherat Packaging Limited is a prominent player in the paper, board, and packaging industry, listed on the Pakistan Stock Exchange (PSX) under the symbol code CPPL.
  • The company's paid-up capital is Rs. 490.95 million, with a par value of Rs. 10 and traded in market lots of one.
  • Cherat Packaging has announced various distributions over recent years, including a 30% bonus for 2022, a 45% distribution for 2023, and a 10% interim distribution for 2024.
  • The company's share price closed at Rs. 127.93 on July 15, with a daily weighted average rate of Rs. 130.99.
  • Cherat Packaging was listed in 1991 and has a long history of operation on the PSX.
  • The stock's earnings per share (EPS) for the years 2022 and 2023 were not provided in the recent data release.

Statistics:

  • Cherat Packaging's share price closed at Rs. 127.93 on July 15.
  • The daily weighted average rate for the company stood at Rs. 130.99.
  • The par value of Cherat Packaging's shares is Rs. 10.
  • The company's paid-up capital is Rs. 490.95 million.
  • Cherat Packaging's EPS for the years 2022 and 2023 are not disclosed.

Sources:

  • Pakistan Stock Exchange (PSX)
  • Cherat Packaging Limited's financial reports and data releases.