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OGDC rallied almost 7 percent on dividend expectation of PKR17.5 per share

Government has set dividend target from OGDC at PKR56.4 billion for FY22

admin-augafbyadmin-augaf
June 14, 2021
inBusiness, Finance
Reading Time: 2 mins read
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Akseer Research expect OGDC to report profit of PKR23.4 billion

Akseer Research expect OGDC to report profit of PKR23.4 billion

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Islamabad June 14 2021: Oil and Gas Development Company Ltd rallied almost 7% to PKR99.0 in today’s trading session on expectation of PKR17.5 per share dividend.


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Government expectation for next year are almost more than double when compared to current year’s expectation. For fiscal year 2021, Government of Pakistan has revised its dividend expectation downward by 15 percent.

However, for the fiscal year 2022 government is expecting dividend of PKR56.5 billion from Oil and Gas Development Company which is 54 percent higher when compared to current year’s expectation.


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Petrol prices likely to go above PKR130 per liter


Earlier, the privatization Commission has decided to defer the divestment in shares of Oil & Gas Development and Pakistan Petroleum Limited due to depressed stock market sentiments۔

Source: Ministry of Finance

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