Bank Makramah Ltd. Faces Challenges with Negative Earnings Report

Karachi, Bank Makramah Ltd. (BML) reported a challenging fiscal year with a negative earnings per share of (1.2)* RS for January 2024. The bank's shares were traded at a low of 2.10 RS, with a daily weighted average rate of 2.04 RS. Despite a significant paid-up capital of 66,222.21 million RS, the bank did not announce any distributions for the last fiscal year. Listed in 2008, the bank's financial performance indicates a need for strategic adjustments moving forward.