Day: November 14, 2023

United Brands Ltd. Holds Position with Minimal Earnings

Karachi: United Brands Ltd. reported minimal earnings with an earnings per share of 0.04 Rs. and no dividends for June. The share rate stands at 12.05 Rs., with a turnover of 686000 shares, indicating consistent market presence since its 1970 listing.

United Distributors Pakistan Ltd. Faces Loss

Karachi: United Distributors Pakistan Ltd. reported a loss with negative earnings per share of (2.22) Rs. and no dividends for June. The share rate is listed at 352.71 Rs., with a turnover of 115000 shares, suggesting a challenging period since its 19…

NBP Sarmaya Izafa Fund Reports Substantial Year-End Growth

Karachi: The NBP Sarmaya Izafa Fund, part of the market since 2010, announced its year-end financial results for June 2023. The fund reported an offer price of PKR 20.79 and a redemption price of PKR 20.11, with a notable year-end growth of 22.15%.

JS Large Cap. Fund Marks Significant Performance

Karachi: The JS Large Cap. Fund, a significant entity in the PSE, listed since 2010, reported a commendable performance for the year ending in June 2023. The fund announced an offer price of 148.42 and a redemption price of 143.55. This performance al…

Bank Alfalah Limited Sets Fixed Profit Rate for Three-Year Term

Karachi: Bank Alfalah Limited has successfully issued a three-year term debt security, BAFLTFC7, offering a fixed profit rate of 9.03%. With a total issue size of 11 billion Rs. and an equal outstanding principal, the next coupon date is scheduled for…

Meezan Sovereign Fund Reports Year-End Figures

Karachi: Meezan Sovereign Fund, active in the Pakistan Stock Exchange, reported its year-end figures with an offer price of 57.18 and a redemption price of 56.54 for the financial year ending in June 2023.

Soneri Bank Limited Offers Tier-I Debt Security

Karachi: Soneri Bank Limited’s Tier-I debt security, SNBLTFC3, carries a perpetual tenure with a profit rate of 6M KIBOR+2.00%. The total issue size stands at 4 billion Rs., matching the outstanding principal, with the next coupon payment due on 06-12…

NBP Riba Free Savings Fund Announces Financial Performance

Karachi: For the financial year ending in June 2023, the NBP Riba Free Savings Fund, listed since 2010, posted an offer price of 11.2 and a redemption price of 11.08. The fund recorded a yield of 5.77% and a return of Rs 0.5334 per unit.

United Bank Limited Lists Perpetual Tier-I Debt Instrument

Karachi: United Bank Limited has listed its perpetual Tier-I debt instrument, UBLTFC5, with a 3M KIBOR+1.55% profit rate. The total issue size and outstanding principal are both at 10 billion Rs. The instrument’s coupon is set to be paid next on 29-01…

UBL Financial Planning Fund Maintains Stable Performance

Karachi: The UBL Financial Planning Fund, listed in 2018 on the Pakistan Stock Exchange, reported stable performance with both offer and redemption prices at 0 for the year ending in June 2023. The fund’s yield was noted at 0.4948% and 0.2737%.

Bank Islami Pakistan Limited Structures Perpetual Sukuk

Karachi: Bank Islami Pakistan Limited has structured a perpetual sukuk, BIPLSC, with a profit rate linked to 3M KIBOR+2.75%. This Islamic financing instrument has a total issue size of 2 billion Rs., and the outstanding principal is equal to the issue…

Sui Southern Gas Co. Ltd. Faces Financial Challenges

Karachi: Listed since 1956, Sui Southern Gas Co. Ltd. reported challenging financials for the year 2023. The company’s rate today stood at PKR 10.16, with a daily weighted average rate of PKR 8,809.16. It did not declare any dividends in recent years….