Category: Business & Finance

Karachi, Starting its journey in 2023, the JS Money Market Fund revealed an offer price of Rs 110.98 and a redemption price of Rs 108.52 for June. The fund did not declare any distributions this period, focusing on establishing its market position in its inaugural year.

Karachi, Sui Southern Gas Co. Ltd. (SSGC), operational since 1956, did not announce a dividend for this year. Despite this, the company remains a significant entity in the gas sector with a substantial capital base. Trading at Rs. 10.99 today, Sui Southern Gas reported an EPS of Rs. 9.87, demonstrating resilience in its operations.

Karachi, Thatta Cement Co. Ltd. (THCCL), in the market since 2008, reported an EPS of Rs 17.03 for the first quarter of 2024. Today, the company's share price was recorded at Rs 23.17. Thatta Cement did not declare any dividends during this period.

Karachi, The Askari Sovereign Cash Fund and Askari Sovereign Yield Enhancer reported their financial standings for June. The Cash Fund, with both offer and redemption at Rs 111.37, declared an 8.64% distribution, while the Yield Enhancer offered at Rs 113.58 and redeemed at Rs 112, announcing a 4.19% distribution. Both funds showed changes in their redemption values, reflecting current market conditions since their listing in 2009 and 2012 respectively.

Karachi, Fazal Cloth Mills Ltd. (FZCM) reported an EPS of Rs. 142.45, a slight increase from the previous year's Rs. 149.52. Despite the strong earnings, the company did not declare any dividends for the current fiscal period. FZCM, which has been listed since 1970, operates with a market lot size of 100 and had a book closure date of October 21.

Karachi, The BMA Empress Cash Fund, which has been listed since 2009, declared a 4.54% distribution, or Rs 0.45 per unit for June 2024. The offer price is 10.24 rupees, with a redemption price of 10.14 rupees.

Karachi, MCB Bank Ltd. (MCB) announced an impressive EPS of Rs. 171.25 for the first quarter of 2024. The bank's share price is currently Rs. 210.32. MCB declared a 200% distribution last year and a higher 300% this year. With a paid-up capital of Rs. 11,850.60 million, MCB was first listed in 1992. The stock's highest rate was Rs. 224.71 with the lowest at Rs. 9.15. The bank maintains a strong turnover rate on the Pakistan Stock Exchange.

Karachi, The Alfalah GHP Islamic Prosperity Planning Fund and its associated plans have released their latest financial details, with mixed results across its various investment plans. Notable among them, the Alfalah GHP Islamic Active Allocation Plan -2 has set its redemption price at 129.15 with a 6.48% distribution for June. Conversely, plans such as the Alfalah GHP Islamic Active Allocation Plan -4 reported no change in redemption or distribution rates.

Alfalah GHP Islamic Prosperity Planning Fund Alfalah GHP Islamic Balance Allocation Plan announced a redemption price of 123.86 and a modest distribution of 2.93%. In contrast, the Alfalah GHP Islamic Moderate Allocation Plan has reported a more substantial distribution of 7.32%, with a redemption price of 132.55.

The Alfalah GHP Money Market Fund offered an update with a redemption price of 100.3 and an impressive distribution of 6.46%, coupled with a per-unit distribution rate for the fiscal year. Similarly, the Alfalah GHP Prosperity Planning Fund Alfalah GHP Conservative Allocation Plan noted a redemption price of 127.5 and a distribution of 4.28%, along with a per-unit rate.

Additionally, the Alfalah GHP Stock Fund and Alfalah GHP Value Fund also updated their financial statistics. The Alfalah GHP Stock Fund's redemption price is now 156.62 with a 4.27% distribution, while the Alfalah GHP Value Fund recorded a significant distribution of 14.99% at a redemption price of 71.4.

These updates provide a broad view of the performance metrics and financial positions of the various funds under the Alfalah GHP Islamic Prosperity Planning Fund umbrella as of June this year.

Karachi, The Al Ameen Shariah Stock Fund demonstrated a strong financial performance with a significant appreciation in its offer and redemption prices. The offer price is reported at 189.8, with a redemption price of 184.59. The fund, which began in 2007, declared a 13% distribution for 2022, with no distributions recorded for 2023.

Islamabad, The AL Habib group has released their latest financial figures for multiple mutual funds as reported to the Pakistan Stock Exchange. The reports include offer and redemption prices along with distribution outcomes for the fiscal year ending in June.

AL Habib Islamic Savings Fund, listed in 2022, presented an offer price of Rs. 103.19 and a redemption price of Rs. 100.18. AL Habib Islamic Stock Fund, active since 2012, offered a price of Rs. 98.68 and a redemption price of Rs. 96.75 with no distributions in the recent and upcoming year. The AL Habib Money Market Fund, also listed in 2022, marked its offer at Rs. 103 and redemption at Rs. 100.

Further, the AL Habib Stock Fund, with a listing date of 2009, reported an offer price of Rs. 102.76 and a redemption price of Rs. 100.75, announcing a distribution of Rs. 16.00 per unit for this year but none projected for the next.

Karachi, Atlas Honda Ltd. (ATLH), a prominent player in the automobile assembly sector, reported a closing share price of 413.47 Pakistani Rupees. The company declared a substantial dividend of 270% for 2024, an increase from 240% in 2023. Atlas Honda has consistently rewarded shareholders with dividends, including an interim (I) payment of 170%. The company's earnings per share surged to 353.13 Rupees for the first quarter of 2024, marking a significant increase in profitability. Atlas Honda, listed on the Pakistan Stock Exchange since 1965, saw its shares trade between 353.13 Rupees and 1,240.88 Rupees.

Islamabad, In a recent announcement on the Pakistan Stock Exchange, Pakistan Petroleum (Preference shares, PPLPS) declared a steady dividend rate of 25% for the year 2024, aligned with the rates from previous years. The closing stock rate was noted at Rs 0.14. PPL, with its preference shares listed in 2004, ensures consistent returns to its shareholders in the oil and gas sector.