BankAlfalah Limited Strikes High with 80% Dividend Declaration

Karachi, In a significant financial update, BankAlfalah Limited has announced an 80% dividend for the year 2023, showcasing its robust financial health and commitment to shareholder returns. The company's stock, identified on the Pakistan Stock Exchange as "NC," traded at a consistent rate of Rs. 53.47, with a daily average slightly lower at Rs. 53.04. Holding a paid-up capital of Rs. 15,771.65 million, the bank not only improved its dividend from 50% in 2022 but also reported a strong EPS of Rs. 48 for January to March 2024. This performance stimulated active trading, with over 116 million shares changing hands.