Category: Business & Finance

Meezan Pakistan ETF Delivers Consistent Returns

Karachi, Meezan Pakistan ETF (MZNPETF), trading at a daily weighted average rate of Rs. 12.60, mirrors its closing rate for the day. The ETF, with a market lot of 500, saw a turnover of 7,137,500. MZNPETF has declared a 12.5% distribution for investor…

Habib Bank Limited Bolsters Market Offerings with New Perpetual TFC

Karachi, Habib Bank Limited has expanded its portfolio of financial instruments with the issuance of a perpetual Tier-I TFC, “HBLTFC3,” which has a total issue size of Rs. 6.5 billion, all outstanding. With a market lot of 1 and a face value of Rs. 10…

Habib Insurance Co. Ltd. Maintains Steady Market Performance

Karachi, Habib Insurance Co. Ltd. (HICL) maintained steady performance in the Pakistan Stock Exchange. The company’s rate today was PKR 6.43, with a daily weighted average rate of PKR 6.47. It has a paid-up capital of PKR 619.37 million as of December…

MetaTech Trading Limited Reports Trading Activity

Karachi, MetaTech Trading Limited (META), listed since 1962, reported a closing rate of Rs. 6.28 in the miscellaneous sector. The company, with a paid-up capital of Rs. 74.32 million, declared a 355% bonus for 2021 but no distributions for the subsequ…

AKD Hospitality Limited Reports Steady Market Presence

Karachi, AKD Hospitality Limited (AKDHL), listed since 1957, reported a closing rate of Rs. 164.00 in the miscellaneous sector. The company, with a paid-up capital of Rs. 25.07 million, declared no distributions for 2021, 2022, or 2023. AKD Hospitalit…

Balochistan Glass Ltd Reports Stable Market Performance

Karachi, Balochistan Glass Ltd (BGL), listed in 1982, reported a closing rate of Rs. 11.33 and a daily weighted average rate of Rs. 11.60 in the glass and ceramics sector. The company, with a paid-up capital of Rs. 2,616.00 million, declared no distri…

Shield Corporation Ltd. Maintains Steady Market Presence

Karachi, Shield Corporation Ltd. (SCL), operating in the food and personal care products sector since 1976, reported a consistent rate of Rs. 330.00. The company, with a paid-up capital of Rs. 39.00 million, declared a 20% distribution for 2021 but no…

Faysal Asset Allocation Fund Shows Consistent Performance

Karachi, Since its listing in 2007, the Faysal Asset Allocation Fund has shown a consistent performance in the market. The fund’s offer price as of December 2023 stood at Rs 87.1, with a 3.50% distribution yield reported for the year ending June 2023….

Punjab Oil Mills Ltd. Reports Stable Financial Performance

Karachi, Punjab Oil Mills Ltd. (POML), a key player in the Vanaspati and allied industries, listed in 1984, reported a daily weighted average rate of Rs. 137.97. With a paid-up capital of Rs. 77.62 million, the company declared distributions of 10% fo…