Day: December 18, 2023

BankIslami Pakistan Ltd Posts Moderate Earnings

Karachi, BankIslami Pakistan Ltd (BIPL) ended at Rs. 21.68, with an average rate of Rs. 22.01. The bank’s paid-up capital stands at Rs. 11,087.03 million. BIPL recorded a turnover of 631,551,345 shares and declared a 10% dividend for 2022 and a 1.75% …

Power Holding Limited Releases Second 10-Year Sukuk

Karachi, Power Holding Limited has issued another Sukuk (PESC2) with a market lot of 1 and a face value of Rs. 5,000. This ten-year tenor security features a profit rate of “6M KIBOR -0.1%”, covering a total issue size and outstanding principal of Rs….

Samba Bank Limited Debuts Tier-II TFC

Karachi, Samba Bank Limited has announced its “TFC (Tier-II)” (SBLTFC) issuance. With a market lot of 1 and face value of Rs. 100,000, this ten-year tenor security offers a profit rate of “6M KIBOR +1.35%”. The total issue size is Rs. 5,000,000,000 wi…

The Hub Power Company Limited Introduces Sukuk

Karachi, The Hub Power Company Limited has launched its Sukuk (HUBCSC2) with a market lot of 1 and a face value of Rs. 100,000. This four-year tenor security offers a profit rate of “3M KIBOR +1.8%”, with a total issue size of Rs. 7,000,000,000 and an…

AKD Opportunity Fund Declares Significant Distribution

Karachi, The AKD Opportunity Fund, listed since 2006, reported an offer price of PKR 120.34 and a redemption price of PKR 116.84. The fund declared a 26.00% distribution for the year. The previous book closure date was not specified. These details wer…

The Hub Power Company Limited Releases Second Sukuk

Karachi, The Hub Power Company Limited has issued another Sukuk (HUBCSC4) with a market lot of 1 and a face value of Rs. 100,000. This four-year tenor security features a profit rate of “1 Yr KIBOR +1.9%”, with a total issue size of Rs. 5,000,000,000 …

TPL Corp Limited Announces Sukuk and TFC Issuances

Karachi, TPL Corp Limited has detailed its Sukuk (TPLSC) and TFC (TPLTFC3) issuances. Both securities have a market lot of 1 and face value of Rs. 100,000. The Sukuk, with a five-year tenor, offers a profit rate of “3M KIBOR +2.25%”, while the TFC, al…

Faysal Asset Allocation Fund Announces Distribution for June 2023

Karachi, The Faysal Asset Allocation Fund, listed in 2007, has released its financial figures for the year ending June 2023. The fund reported an offer price of 92.2 and a redemption price of 89.17. It declared a distribution of 3.50%, indicating a st…