MCB Bank Announces 200% Distribution, Continues to Lead in the Banking Sector

Business & Finance

Karachi, MCB Bank Ltd., a stalwart in the Pakistani banking industry, declared a remarkable 200% distribution for the year, with an even more impressive 300% from the previous book closure. Trading under the symbol MCB, the bank's shares ranged from Rs. 200 to Rs. 171.25, with a closing average rate of Rs. 201.63. With a robust paid-up capital of Rs. 11,850.60 million, MCB witnessed a turnover of 18,356,598 shares. Since its inception in 1992, the bank has shown unparalleled growth, with an EPS of Rs. 27.63 for the recent financial period.