Day: November 10, 2023

Habib Bank Limited Sustains Market with Perpetual Debt Offering

Karachi: Habib Bank Limited has sustained its market presence with a perpetual debt offering. The Tier-I TFC, with a market lot of 1 and a face value of Rs. 100,000, comes with a profit rate based on 3-month KIBOR plus 1.6%. The total issue size stand…

Kohinoor Textile Mills Ltd. Reports No Distributions in 2023

Karachi: Kohinoor Textile Mills Ltd. (KTML), listed since 1971, closed at Rs. 77.00. The company distributed 20% in 2021 and 10% in 2022, but reported no distributions in 2023. KTML’s paid-up capital is Rs. 4,993.9 million, and its daily weighted aver…

Hub Power Holdings Limited Commits to Five-Year Sukuk

Karachi: Hub Power Holdings Limited has committed to a five-year Sukuk, with a market lot of 1 and a face value of Rs. 100,000. The profit rate is determined by 6-month KIBOR plus 2.5%. The total issue size is Rs. 6,000,000,000, with the total outstan…

ABL Cash Fund Shows Stability in Pakistan Stock Exchange

Karachi: ABL Cash Fund, another open-end mutual fund, exhibited an offer price of Rs. 10.28 and a redemption price of Rs. 10.19 as of November 10, 2023. The fund, closing its financial year in June, had its last book closure on June 27, 2022. Since it…

AL Habib Islamic Income Fund Shows Stable Performance

Karachi: AL Habib Islamic Income Fund, listed since 2017, reported an offer price of Rs. 102.71 and a redemption price of Rs. 101.69 as of November 10, 2023. The fund, ending its financial year in June, offers a Shariah-compliant income option for inv…

Kashf Foundation Debuts Four-Year Term Finance Certificate

Karachi: Kashf Foundation has entered the debt market with a four-year Term Finance Certificate (TFC), featuring a profit rate of 3-month KIBOR plus 2.25%. The market lot size is set at 1 with a face value of Rs. 1,000,000. The total issue size is Rs….

Power Holding Limited Issues Dual Ten-Year Sukuks

Karachi: Power Holding Limited has issued two ten-year Sukuks. The first Sukuk, with a profit rate of 6-month KIBOR plus 0.8%, has a market lot of 1 and a face value of Rs. 5,000, totaling an issue size of Rs. 200,000,000,000, fully outstanding. The n…