Millat Tractors Limited Experiences Minor Stock Price Movement on PSX
Millat Tractors Limited, a major player in the Automotive Assembler sector, has seen its stock price experience a minor fluctuation on the Pakistan Stock Exchange (PSX). As of July 15, 2025, the company's closing rate was Rs. 567.73, slightly lower than its daily weighted average rate of Rs. 569.84. With a paid-up capital of Rs. 1,995.16 million, Millat Tractors has been a part of the stock market since 1965 and operates in the Main Board (Normal Counter) category.
Key Takeaways:
- Millat Tractors Limited is listed on the Pakistan Stock Exchange (PSX) under the symbol code MTL and has a paid-up capital of Rs. 1,995.16 million.
- The company operates in the Automotive Assembler sector and has been a part of the stock market since 1965.
- For the first half of 2024, the company's stock experienced fluctuations with a high rate of Rs. 685 and a low rate of Rs. 509, with a consistent turnover although specific figures were not disclosed.
- The company has announced distributions of 250% and 60% bonus for 2022, 250% for 2023, and a significant 450% interim distribution for 2024.
- The par value of each share stands at Rs. 10, and the market lot consists of one share.
- The company maintains a steady performance with an EPS of Rs. 2022/2023, although the exact earnings per share figures were not detailed.
- The stock's recent price movement is categorized as a minor move, reflecting a stable trading period.
Statistics:
- Closing rate: Rs. 567.73 (July 15, 2025)
- Daily Weighted Average Rate: Rs. 569.84
- Paid-up capital: Rs. 1,995.16 million
- Stock high rate (2024): Rs. 685
- Stock low rate (2024): Rs. 509
- Book closure date: March 5
- EPS 2022/2023: Rs. 2022/2023
Sources:
- Pakistan Stock Exchange (PSX) - trading data
- Millat Tractors Limited - public financial reports