Shadab Textile Mills Ltd. Sees Marginal Market Movement Amidst Reduced Distributions

Karachi, Shadab Textile Mills Ltd. (SHDT), a participant on the Pakistan Stock Exchange, recorded a trading rate of 15.00 Rs today, slightly lower than its daily weighted average of 14.96 Rs. The company, ending its financial year in June, reported a distribution of 5% for 2022, but none for 2023. With a paid-up capital of 18 million Rs, Shadab Textile Mills' highest rate this year was 18 Rs. The company's market lot is 10, and it had its last book closure on October 22.