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Nishat Chunian Ltd. Faces Challenges with Declining Share Price

Karachi, Nishat Chunian Ltd. (NCL) closed at Rs. 29.30, slightly below its daily average of Rs. 29.46. Despite facing market challenges with a negative earnings per share of -4.16 for 2022/2023, the company has a substantial paid-up capital of Rs. 2,401.19 million and declared a 70% dividend for this year. According to information available from the Pakistan Stock Exchange (PSX), NCL was listed in October 1991 and saw a trading volume of 17,176,491 shares. The stock price ranged from Rs. 28.96 to Rs. 23 from January to April 2024.