3 Listed Companies See Gains Since Announcing Stock Split At PSX

Only three listed companies out of seven have seen a net positive return on their gains at the main bourse since announcing stock splits this calendar year.

Arif Habib Limited discussed on X that since the recent wave of stock split announcements, seven companies—Arif Habib Corporation Limited (PSX: AHCL) (10-for-1), Lucky Cement (PSX: LUCK) (5-for-1), Intermarket Securities Limited (PSX: IMS) (10-for-1), Systems Limited (PSX: SYS) (5-for-1), United Bank Limited (PSX: UBL) (2-for-1), Thatta Cement Company Limited (PSX: THCCL) (5-for-1) and Lucky Core Industries Limited (PSX: LCI) (5-for-1) have announced splits.

Of these, AHCL and LUCK have recorded strong returns, gaining 36.1 percent and 18.7 percent, respectively, from the date of announcement to date. UBL posted modest returns of 4.6 percent.

The stock splits were carried out by the aforementioned listed companies to improve market liquidity and investor accessibility.