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Nishat Mills Ltd Experiences Notable Change in Stock Price on PSX

Strategic Insights

— 1 min read

Nishat Mills Ltd, a textile composite company listed on the Pakistan Stock Exchange (PSX), observed a significant change in its stock price on July 8, with its rate recorded at Rs. 142.72. The daily weighted average rate for the company was reported at Rs. 144.50, classified as a big move by the PSX. This change occurred despite the company declaring distributions of 50% and 30% for the years 2022 and 2023, respectively.

Key Takeaways:

  • Nishat Mills Ltd's stock price experienced a notable change on July 8, with a recorded rate of Rs. 142.72 and a daily weighted average rate of Rs. 144.50.
  • The company's financial year ends in June, and it has a paid-up capital of Rs. 3.52 billion.
  • Nishat Mills Ltd declared distributions of 50% and 30% for the years 2022 and 2023, respectively.
  • The par value of its shares stands at Rs. 10, with a market lot of one.
  • Nishat Mills Ltd was listed on the stock exchange in 1961 and has a history of distributing profits to its shareholders.
  • The company's earnings per share for 2022 and 2023 reflected its performance in those years.
  • According to information available from the PSX, Nishat Mills Ltd did not declare any distributions for the year 2024 as of the given date.
  • The company's previous book closure was on October 21.

Statistics:

  • Stock price on July 8: Rs. 142.72
  • Daily weighted average rate: Rs. 144.50
  • Paid-up capital: Rs. 3.52 billion
  • Par value of shares: Rs. 10
  • Market lot: one
  • Earnings per share for 2022: [not specified]
  • Earnings per share for 2023: [not specified]
  • Distributions for 2022: 50%
  • Distributions for 2023: 30%
  • Distributions for 2024: [not specified]
  • Turnover of shares: [not specified]

Sources:

  • Pakistan Stock Exchange (PSX)

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