Karachi, The Meezan Pakistan ETF, trading as MZNPETF-MAY, is anticipating its contract settlement on June 4, 2024. This will conclude the trading period for the ETF that has been active since February, as outlined by the Pakistan Stock Exchange.
Askari Bank Limited Announces Issuance of Two New Privately Placed Debt Securities
Karachi, Askari Bank Limited has declared the issuance of two new privately placed debt securities, AKBLTFC 6 and AKBLTFC 7, as per the latest financial announcements from the Pakistan Stock Exchange. The AKBLTFC 6, with a perpetual tenor, carries a profit rate of 6M KIBOR + 1.5% and has been issued at a total size of Rs. 6,000,000,000. Its next coupon date is set for 3rd July 2024. Meanwhile, the AKBLTFC 7, with a tenor of 10 years, offers a profit rate of 3M KIBOR + 1.2%, also totaling Rs. 6,000,000,000 in issue size, with the next coupon date scheduled for 17th June 2024. These financial instruments reflect the bank's strategies for capital management and investment opportunities for the holders.
Habib Metropolitan Bank Limited to Finalize April Futures Trading
Karachi, Habib Metropolitan Bank Limited, listed as HMB-APRB for its futures contract, is on track to finalize its settlement. The contract period will conclude on April 26, 2024, with the settlement scheduled for April 30, 2024.
Kohinoor Energy Ltd Announces Impressive Dividend Amidst Strong Financial Performance
Karachi, Kohinoor Energy Ltd (KOHE) has announced an impressive dividend distribution for the fiscal year ending June 2024, underlining its strong financial performance. The company disclosed a 55% (interim) dividend payout, with an Earnings Per Share (EPS) of Rs. 9.29 for January to February 2024. With a paid-up capital of Rs. 1,694.59 million, KOHE saw a daily weighted average rate of Rs. 36.96 and a turnover of 1,963,000 shares. Listed in 1996, the company's share price reached a high of Rs. 42 and a low of Rs. 36.55 during the period. This financial performance is indicative of KOHE's solid market positioning and operational excellence.
Mughal Iron and Steels Industries Ltd. Approaches Futures Settlement
Karachi, Mughal Iron and Steels Industries Ltd., listed as MUGHAL-MAY, is preparing for the settlement of its Deliverable Future Contract. The settlement date set by the PSX is June 4, 2024, marking the end of the futures contract period that started in February.
Pak Elektron Ltd. Scheduled for Participation in May 2024 Futures Market
Karachi, Pak Elektron Ltd. is set to engage in the May 2024 Deliverable Future Contracts. The trading timeframe extends from February 26 to May 31, 2024, with a settlement date of June 4, 2024. The symbol for Pak Elektron Ltd. during this futures period is PAEL-MAY.
Power Holding Limited Issues Monumental PESC1 Debt Security
Karachi, In a significant move, Power Holding Limited has announced the issuance of PESC1, a debt security with a 10-year tenor and a remarkably large total issue size of Rs. 200,000,000,000. The security offers a profit rate of 6M KIBOR + 0.8% and has a face value of Rs. 5,000. The next coupon date for PESC1 is slated for 1st September 2024. This issuance represents a major step for Power Holding Limited in terms of capital generation and investment opportunities.
Amreli Steels Limited Approaches Settlement Date for Futures Contracts
Karachi, Amreli Steels Limited is poised to complete its Deliverable Future Contract (DFC) period with the settlement scheduled for April 2, 2024. Traded under the symbol ASTL-MAR, the contract period which started on January 1, 2024, will conclude on March 29, 2024, as informed by the Pakistan Stock Exchange.
International Industries Ltd Announces Dividend Amid Profit Growth
Karachi, International Industries Ltd. (INIL), a notable entity on the Pakistan Stock Exchange, disclosed a robust performance with an earnings per share (EPS) of 17.23 for January to February 2024. The company, with a paid-up capital of 1,318.82 million Rs., has declared an 80% dividend for its shareholders, marking an increase from the previous year's 75%. Shares of INIL saw a high of 155.9 Rs. and a low of 121.51 Rs., with a significant turnover of 12,635,982 shares. Established in 1984, International Industries continues to showcase a positive financial outlook, evidenced by its consistent dividend distribution and profit growth.
Nishat Power Ltd. Reveals Dividend and Financial Results for Early 2024
Lahore, Nishat Power Ltd. (NPL) has disclosed its financial outcomes and dividend distribution for the first two months of 2024. With a daily weighted average rate of 29.65 rupees and a paid-up capital of 3,540.89 million rupees, NPL showed a high rate of 33 rupees and a low rate of 29 rupees, achieving a turnover of 31,568,884 shares. Listed in 2009, the company, concluding its fiscal year in June, declared a 45% distribution followed by a 70% and a 25% interim (I) distribution for the previous book closure year, keeping a market lot of 1. The EPS recorded for 2022/2023 was 11.55.
Habib Bank Limited Set for April Futures Settlement
Karachi, Habib Bank Limited (HBL) is slated to settle its Deliverable Future Contract, indicated by the symbol HBL-MARB. The settlement is scheduled for April 2, 2024, after a trading period that spans the first quarter of the year.
Samba Bank Limited Expands with PKR 5 Billion Debt Securities Issue
Karachi, In a strategic move to bolster its financial standing, Samba Bank Limited (SBLTFC) announced the issuance of PKR 5,000,000,000 in privately placed debt securities. These securities, carrying a face value of PKR 100,000 each, have a tenor of 10 years. The profit rate is defined as the 6-month KIBOR plus 1.35%, with the next coupon date set for September 1, 2024.