El Ahi Cotton NC Experiences Significant Share Price Movement

El Ahi Cotton NC, listed on the Pakistan Stock Exchange under the symbol ELCM, witnessed a notable shift in its share price on July 10. The stock closed at Rs. 129.41, with the daily weighted average rate settling at Rs. 140.04, indicating substantial trading activity. This movement is significant, particularly given the company's involvement in the textile spinning sector. As a key player, El Ahi Cotton's performance garners attention from market participants, who closely monitor its performance.

Key Takeaways:

• The company's share price fluctuated significantly, with a high of Rs. 100 and a low of Rs. 62.01 in the first half of 2024.
• The stock closed at Rs. 129.41 on July 10, with a daily weighted average rate of Rs. 140.04, indicating substantial trading activity.
• El Ahi Cotton has not distributed dividends for the years 2022, 2023, or 2024.
• The par value of the company's shares is Rs. 10, with a market lot of one share.
• The most recent book closure occurred on October 19.
• The company is listed on the Pakistan Stock Exchange and has been publicly listed since 1974.
• El Ahi Cotton operates within the textile spinning sector, where market participants closely monitor its performance.
• The turnover for the first half of 2024 remains undisclosed.

Statistics:

• The daily weighted average rate of El Ahi Cotton's share price on July 10 was Rs. 140.04.
• The stock price fluctuated between Rs. 100 and Rs. 62.01 in the first half of 2024.
• The paid-up capital of El Ahi Cotton is Rs. 13.00 million.
• The company has not circulated dividends for three consecutive years (2022, 2023, 2024).
• The market lot of El Ahi Cotton's shares is one share.
• The company's fiscal year concludes in June.
• El Ahi Cotton has been listed on the Pakistan Stock Exchange since 1974.

Sources:

• Pakistan Stock Exchange (PSX)
• El Ahi Cotton NC (ELCM) annual reports and financial statements (2022, 2023, 2024)