Allied Bank Ltd. Announces Impressive Dividend Amid Strong Performance

Karachi, In a recent update from the Pakistan Stock Exchange, Allied Bank Ltd. (ABL) has declared an 85% dividend for its shareholders, reflecting a robust performance in the financial sector. The bank’s closing rate stood at PKR 86.91, with a notable daily weighted average rate and a substantial turnover of 319,500 shares. The earnings per share (EPS) for January 2024 reached PKR 18.51, signifying a strong fiscal year ending December 2023. Allied Bank has consistently demonstrated growth since its listing in 2005, with this year’s high and low rates marked at PKR 88.4 and PKR 81.6, respectively.