Search results
Results from the WOW.Com Content Network
Bestway Cement Limited (Urdu: بیسٹ وے سیمنٹ) is a Pakistani cement manufacturer based in Islamabad. It is a subsidiary of British conglomerate Bestway Group. [2] It was founded in 1993 and is listed on the Pakistan Stock Exchange. [2] [3]
The Group set up its first Bestway Cement cement plant in 1995 in Hattar in the KP Province of Pakistan, with an initial investment of US$120.0 million. The plant's initial capacity was 0.99 million tonnes per annum, this was enhanced to 1.17 million tonnes per annum at a cost of US$10 million in 2002.
Stock-split euphoria has helped send the broader market to new heights. A stock split is an event that allows a publicly traded company to alter both its share price and outstanding share count by ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
However, the outlook for Wall Street's stock-split stocks differs greatly as we steam toward the new year. Based on the forecasts of select Wall Street analysts, two AI stock-split stocks offer ...
The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
In January 2011, Bestway Group increased its shareholding in UBL [10] to 51.07% by acquiring an additional 20% of the shares from the Abu Dhabi Group. [11] This was a total investment of US$230.0 million in Pakistan's second-largest private commercial bank. [12] [13]
The stock is up 54% year to date in 2024 and up 1,580% over the past 10 years (as of this writing). This encouraged the company to declare a 10-for-1 stock split , which it completed in July.