AL-Abbas Sugar Mills Sets Record with High Dividend Increases

Karachi, AL-Abbas Sugar Mills Ltd. XD NC (AABS) has announced an unprecedented increase in dividends, issuing a 550% distribution this year and projecting an even higher 560% next year, with an additional 150% interim payment. Trading at Rs. 560.00 with a daily average slightly lower at Rs. 559.52, the company holds a paid-up capital of Rs. 173.62 million. According to information available from the Pakistan Stock Exchange (PSX), the sugar mill’s stock has seen substantial activity with a turnover of 40,344 shares, peaking at Rs. 625.51 and dropping to Rs. 470.01, reflecting strong market interest.