Day: November 10, 2023

Samba Bank Limited Lists Ten-Year Tier-II Term Finance Certificate

Karachi: Samba Bank Limited has listed a ten-year Tier-II Term Finance Certificate (TFC), with a profit rate of 6-month KIBOR plus 1.35%. The market lot is set at 1 with a face value of Rs. 100,000. The total issue size is Rs. 5,000,000,000, with Rs. …

Alfalah GHP Alpha Fund Reports Stable Prices in 2023

Karachi: The Alfalah GHP Alpha Fund, listed since 2008, reported an offer price of Rs. 66.72 and a redemption price of Rs. 64.53. The fund, operational for over a decade, concludes its financial year each June, marking its presence in the Pakistan Sto…

The Hub Power Company Limited Launches Dual Four-Year Sukuks

Karachi: The Hub Power Company Limited has launched two four-year Sukuks. The first, with a profit rate of 3-month KIBOR plus 1.8%, has a market lot of 1 and a face value of Rs. 100,000, with a total issue size of Rs. 7,000,000,000 and an outstanding …

Allied Capital Protected Fund Reports No Prices in 2023

Karachi: The Allied Capital Protected Fund, operational since 2018, did not report offer or redemption prices for the current year. This fund, which aims to protect capital, concludes its financial year each June.

TPL Corp Limited Secures Financing with Sukuk and TFC Issues

Karachi: TPL Corp Limited has bolstered its financial position through the issuance of both Sukuk and Term Finance Certificate (TFC) debt securities. The Sukuk, with a five-year tenor and a profit rate of 3-month KIBOR plus 2.25%, has a total issue si…

First Treet Mfg Modaraba Closes at Rs. 3.70 on PSE

Karachi: First Treet Mfg Modaraba, trading as FTMM, closed at Rs. 3.70 on the Pakistan Stock Exchange as of November 10, 2023. The company, with a June year-end, did not declare any distributions for recent years. FTMM, with a paid-up capital of Rs. 5…

Bank Al Habib Limited Offers Perpetual Tier-I Debt Instrument

Karachi: Bank Al Habib Limited has offered a perpetual Tier-I debt instrument, providing investors with a profit rate of 6-month KIBOR plus 1.65%. The market lot is 1 with a face value of Rs. 5,000. The total issue size is significant at Rs. 7,000,000…

Colony Textile Mills Ltd Reports No Distribution in 2023

Karachi: Colony Textile Mills Ltd (CTM), operational since 2014, closed at Rs. 2.46. The company did not declare any distributions in 2021, 2022, and 2023. CTM’s paid-up capital is Rs. 9,058 million, with a daily weighted average rate of Rs. 3.1, show…

Tri-Star Modaraba 1st Reports High Distributions in 2023

Karachi: Tri-Star Modaraba 1st (FTSM), listed since 1990, closed at Rs. 15.00. The company distributed 6% in 2021 and reported a significant increase to 40% in 2023. FTSM’s paid-up capital is Rs. 90 million, and its daily weighted average rate was Rs….