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Karur Vysya Bank rewarded shareholders with a 1:5 bonus issue. The bank fixed August 26 as the record date for bonus share eligibility. Investors holding shares on that date qualified. This move reflected confidence and enhanced shareholder value. Bonus issues increased outstanding shares but reduced the stock price. Karur Vysya Bank shares closed flat at Rs 258.25 on the BSE.
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Gold prices experienced a slight decrease as the dollar strengthened, yet dovish signals from Federal Reserve Chair Jerome Powell, hinting at potential U.S. interest rate cuts, provided support. Asian share markets rallied on the prospect of renewed rate cuts. Investors are now awaiting U.S. personal consumption prices data, while physical gold demand in Asia remains subdued.
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News and Media
The stricken companies shares have been removed from the Hong Kong stock market.
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News and Media
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