Out of six listed companies that announced stock splits this calendar year, only two—Arif Habib Corporation Limited (PSX: AHCL) and Lucky Cement (PSX: LUCK)—have delivered net positive returns at the Pakistan Stock Exchange (PSX).
According to Arif Habib Limited on X (formerly Twitter), these six companies implemented stock splits to enhance market liquidity and make their shares more accessible to investors. The companies include:
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Arif Habib Corporation Limited (AHCL) – 10-for-1
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Lucky Cement (LUCK) – 5-for-1
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Intermarket Securities Limited (IMS) – 10-for-1
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Systems Limited (SYS) – 5-for-1
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United Bank Limited (UBL) – 2-for-1
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Thatta Cement Company Limited (THCCL) – 5-for-1
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Among them, AHCL saw a significant 36.6% price increase since its stock split announcement, while LUCK gained 15.0%. The remaining companies have not yielded positive post-announcement returns.
Stock splits are commonly used to make shares more affordable and to increase trading volumes. However, only select companies seem to have benefited from this strategy in 2025 so far.
