Descon Oxychem Ltd. Achieves Growth with Increased Dividends

Karachi, Descon Oxychem Ltd., traded as DOL, saw a closing rate of Rs. 21.06, just above its daily average of Rs. 21.11. According to information available from the Pakistan Stock Exchange (PSX), the company, with a capital of Rs. 1,750.31 million, declared a 20% dividend for 2022 and increased it to 40% in 2023. Descon Oxychem’s shares peaked at Rs. 26.74 and dipped to Rs. 19.25 from January to April 2024, with a trading volume of 43,526,000 shares. Founded in 2008, the company recorded an EPS of Rs. 8.00.