Day: November 14, 2023

K-Electric Limited Commits to Seven-Year Sukuk

Karachi: K-Electric Limited’s seven-year sukuk, KELSC5, has been issued with a profit rate tied to 3M KIBOR+1.7%. The issue size is 25 billion Rs., with an outstanding principal of 23.75 billion Rs. The next coupon date is anticipated on 03-02-2024, i…

Pakistan Oilfields Ltd. Demonstrates Robust Fiscal Performance

Karachi: Pakistan Oilfields Ltd., listed since 1979, closed at a rate of 424.26 with a daily weighted average rate of 2,838.55. The company declared distributions of 500% in 2021, 700% in 2022, and 800% in 2023. The stock’s high rate touched Rs 460, w…

Summit Bank Limited Announces Seven-Year TFC

Karachi, Summit Bank Limited has issued a seven-year Term Finance Certificate, SMBLTFC. This financial instrument has a market lot and face value of 1 and Rs. 5,000, respectively. It features a profit rate of 6-month KIBOR + 3.25%. The total issue siz…

Thal Limited Demonstrates Robust Fiscal Performance

Karachi: Thal Limited, part of the PSE since 1967, closed at a rate of 292.07 with a daily weighted average rate of 405.15. The company declared distributions of 200% in 2021, 150% in 2022, and 160% in 2023. The stock’s high rate reached Rs 295, with …

Telecard Limited’s Six-Year TFC

Karachi: Telecard Limited has issued a six-year TFC, TELETFC, with a 3M KIBOR+0% profit rate. With an issue size of 2.4 billion Rs., this debt instrument’s outstanding principal has been fully paid as of the last coupon date on 31-12-2021, showcasing …

Orient Rental Modaraba Posts Strong Financial Performance

Karachi: Orient Rental Modaraba (ORM) posted strong financial performance in the market. The modaraba closed at PKR 6.50, with a paid-up capital of PKR 750.00 million as of June. It distributed a 10% return in both 2021 and 2023. The market lot is 500…

Worldcall Telecom Limited Fulfills Five-Year TFC Obligations

Karachi: Worldcall Telecom Limited’s five-year TFC, WTLTFC3, with a profit rate of 6M KIBOR+1.60%, has been settled with the last coupon paid on 15-04-2020. The issue size was 4 billion Rs., indicating the company’s completed financial commitment for …

Adamjee Insurance Co. Maintains Strong Market Presence

Karachi: Adamjee Insurance Co. Ltd. (AICL) maintained a strong presence in the market. The company closed at PKR 33.77, with a daily weighted average rate of PKR 34.45. It holds a substantial paid-up capital of PKR 3,500.00 million as of December, wit…

EFU General Insurance Ltd. Exhibits Strong Market Performance

Karachi: EFU General Insurance Ltd. (EFUG) demonstrated strong market performance in the Pakistan Stock Exchange. The company closed at PKR 87.00, with a paid-up capital of PKR 2,000.00 million as of December. EFU General Insurance declared distributi…

Askari Bank Limited Offers Perpetual Tier-I TFC

Karachi: Askari Bank Limited has offered a perpetual Tier-I debt instrument, AKBLTFC6, featuring a profit rate of 6M KIBOR+1.5%. The total issue size is 6 billion Rs., matching the outstanding principal, with the next coupon date set for 03-Jan-2024, …

D.S. Industries Ltd. Records Drop in Earnings Per Share

Karachi: D.S. Industries Ltd. (DSIL) witnessed a decline in its earnings per share (EPS) for the year 2021/2022, reporting a negative EPS of Rs. (0.12). Despite a high turnover of 16,779,500 shares, the company’s share rate fluctuated between Rs. 2.74…

Askari Bank Limited Lists Tier-II TFC

Karachi: Askari Bank Limited has listed a Tier-II TFC, AKBLTFC7, for a ten-year term with a profit rate of 3M KIBOR+1.2%. The total issue and outstanding principal amounts are both 6 billion Rs., with the next coupon date scheduled for 17-Dec-2023, si…