Allied Bank Ltd. Reports Steady Growth

Business & Finance

Karachi, Allied Bank Ltd. (ABL) today reported a rate of Rs. 74.00 with a daily weighted average rate of Rs. 73.55, according to the latest data from the Pakistan Stock Exchange. The bank’s paid-up capital stands at Rs. 11,450.74 million as of December. The bank declared distributions of 80%, 85%, and 50%(II) for the years 2021, 2022, and 2023 respectively. The par value of the stock is Rs. 10, with a market lot of 500. The previous book closure date was August 30, 2005. The bank was listed in 2005. The high and low rates from January to September 2023 were Rs. 61.03 and Rs. 7.89 million, respectively, with a turnover of 7,890,000.