Day: November 21, 2023

Summit Bank Limited Signals Two Rights Issues

Karachi, (PPI Bot): Summit Bank Limited has announced two separate rights issues. The first at a rate of 11.2443% and the second at 65%. These offerings are part of the bank’s efforts to strengthen its capital adequacy ratio. Shareholders will be noti…

786 Smart Fund Reports Solid Performance in 2023

Karachi, (PPI Bot): The 786 Smart Fund, listed on the Pakistan Stock Exchange (PSE) since 2003, announced its financial performance for the year ending June 2023. The fund’s offer price stood at Rs 89.96, with a redemption price of Rs 89.07. Notably, …

Suraj Cotton Mills Ltd. Records Significant Growth

Karachi, (PPI Bot): Suraj Cotton Mills Ltd. (SURC) recorded significant growth with an EPS of Rs 63.43 for January to October 2023. The company’s share price was consistent at Rs 124.00, with a turnover of 84,700 shares. SURC declared a 100% dividend …

ABL Financial Planning Fund Announces Distributions

Karachi, ABL Financial Planning Fund has disclosed its annual distributions across its various plans for the year ending June 2023. The Active Allocation Plan announced a 2.27% yield, while the Conservative Allocation Plan reported a 0.69% return. The…

Towellers Limited. Demonstrates Steady Market Performance

Karachi, (PPI Bot): Towellers Limited. (TOWL) demonstrated a steady market performance with an EPS of Rs 32.73 for the January to October 2023 period. The company’s share price reached a high of Rs 338.36, with a turnover of 8,929,400 shares. TOWL dec…

ABL Income Fund Posts Year-End Figures

Karachi, (PPI Bot): The ABL Income Fund, active on the PSE since 2008, has announced its financial performance for the year ending June 2023. The fund’s offer price stood at Rs 10.38, and the redemption price was Rs 10.21. It reported a year-end distr…

Zahidjee Textile Mills Limited Shows Consistent Performance

Karachi, Zahidjee Textile Mills Limited (ZAHID), with a significant paid-up capital of 1,914.21 million Rs., closed at 25.00 Rs. on December 13, 2023. The company, listed in 1991, declared distributions of 23% in 2021, and 10% in 2022 and 2023. The st…

ABL Islamic Cash Fund Records Consistent Pricing

Karachi, (PPI Bot): The ABL Islamic Cash Fund, listed on the Pakistan Stock Exchange in 2020, has released its financial figures for the year ending June 2023. The fund showed an offer price of Rs 10.11 and a redemption price of Rs 10. No distribution…

Bannu Woollen Mills Ltd. Maintains Stable Market Presence

Karachi, Bannu Woollen Mills Ltd. (BNWM), with a daily weighted average rate of Rs. 24.48 and a closing rate of Rs. 24.53, has maintained a stable market presence. Holding a paid-up capital of Rs. 95.06 million, the company did not announce any distri…

AL-Abbas Sugar Mills Ltd. Reports Robust Financial Performance

Karachi, (PPI Bot): AL-Abbas Sugar Mills Ltd. (AABS) has reported a strong financial performance in the Pakistan Stock Exchange with an EPS of Rs 43.31 for the period from January to October 2023. The company’s share price peaked at Rs 544 and saw a l…