Bank Makramah Ltd. Reports Negative Earnings Amid Market Challenges

Karachi, Bank Makramah Ltd. (BML), a notable entity listed on the Pakistan Stock Exchange, reported a challenging financial performance with an earnings per share (EPS) of negative Rs. 1.2 for the year ending in December 2023. Despite a substantial paid-up capital of Rs. 66,222.21 million, the bank's share price fluctuated between Rs. 2.03 and Rs. 2.5, closing at Rs. 2.15. The bank did not announce any distributions to shareholders for the period, reflecting its efforts to navigate through its financial difficulties. The total shares traded for BML stood at 16,358,500, showcasing investor engagement with the stock despite its performance.