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Elcot Spinning NC Experiences Significant Share Price Movement on Pakistan Stock Exchange

Strategic Insights

— 1 min read

Elecot Spinning NC, a textile spinning company listed on the Pakistan Stock Exchange, has seen a substantial increase in its share price, closing at 117.82 Pakistani Rupees. This significant move in the company's share price comes on the heels of its previous recorded high of 114.40 Rupees and a low of 72 Rupees for the first half of 2024. With a paid-up capital of 109.50 million Rupees, Elcot Spinning NC has been a part of the stock market since its listing in 1990, operating within the Textile Spinning market category. The company's market performance has been marked by fluctuations, with distributions of 60% in 2022 and 50% in 2023, while no distribution is recorded for 2024.

Key Takeaways:

  • Elcot Spinning NC's share price experienced a significant increase, closing at 117.82 Pakistani Rupees.
  • The company's previous recorded high and low share prices were 114.40 Rupees and 72 Rupees, respectively, in the first half of 2024.
  • The company's paid-up capital stands at 109.50 million Rupees.
  • Elcot Spinning NC has been listed on the Pakistan Stock Exchange since 1990 and operates within the Textile Spinning market category.
  • The company's market performance has been marked by fluctuations, with distributions of 60% in 2022 and 50% in 2023.
  • The textile spinning entity operates with a par value of 10 Rupees and a market lot size of 1.
  • The company's previous book closure was noted on October 22, which is significant for investors tracking historical performance.
  • The turnover for the first half of 2024 has yet to be detailed.
  • Elcot Spinning NC's earnings per share (EPS) remain unspecified for the years 2022 and 2023.

Statistics:

  • Share price: 117.82 Pakistani Rupees (as of [current date])
  • Previous recorded high: 114.40 Rupees
  • Previous recorded low: 72 Rupees
  • Paid-up capital: 109.50 million Rupees
  • Par value: 10 Rupees
  • Market lot size: 1
  • Distributions (2022, 2023, 2024): 60%, 50%, 0% respectively

Sources:

  • Pakistan Stock Exchange (PSX) website
  • Elcot Spinning NC's company listing information
  • Pakistan Stock Exchange market data

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