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Pakistan Flat Steel Companies Announced Surprise Dividend

admin-augaf by admin-augaf
May 30, 2023
in Business, News
Reading Time: 1 min read
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China's power curbs impact long steel output, squeeze flat steel demand

China's power curbs impact long steel output, squeeze flat steel demand

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Islamabad May 30 2023: Two flat steel companies of listed at Pakistan Stock Exchange announced surprise cash dividend despite facing tough economic conditions, according to filing to the exchange.

International Steels Limited (ISL) and International Industries Limited (INIL) announced interim dividend of PKR 3 per share and PKR 5.5 per share.

Share price of ISL gain 4.05 percent and INIL hit upper limit with jump of 7.51 percent after the announcement at Pakistan Stock Exchange.

The Share Transfer Books of both the companies will remain closed from June 9, 2023 to June 13, 2023 (both days inclusive).

Tags: CommoditiesFlat SteelINILISL
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