Habib Bank Reports Earnings for Q1 2024

Karachi, Habib Bank Limited (HBL), one of Pakistan's premier financial institutions, announced its performance metrics for the first quarter of 2024. The bank's daily weighted average rate was recorded at Rs. 104.99, with a minor adjustment to Rs. 105.30. With a robust paid-up capital of Rs. 14,668.52 million, HBL declared a notable increase in its distributions from 67.50% in 2022 to 97.50% in 2023. The EPS observed was Rs. 103. The bank's par value stands firm at Rs. 10, with the lot size fixed at 1. Habib Bank, listed in 2007, completed its book closure on March 20.