Karachi, Meezan Bank Limited, a prominent Islamic bank in Pakistan, demonstrated incremental gains in its stock performance at the Pakistan Stock Exchange (PSE) on February 16, 2024. The bank's shares showed a modest increase in the regular market, along with positive projections in its future listings, reflecting a stable growth trajectory in the Islamic banking sector.

In the regular market listing, Meezan Bank opened at PKR 170 and closed higher at PKR 171. The stock fluctuated between a low of PKR 166.5 and a high of PKR 167.73 during the trading day. A substantial volume of shares was traded, totaling 1,081,197, with the closing price settling at PKR 169.23.

The April Futures of Meezan Bank (MEBL-APR) did not see any trading activity, with an opening and closing price of PKR 0. However, the stock's high was recorded at PKR 175.71, and the closing price was listed as PKR 177.64, indicating positive expectations for the bank's performance in the coming months.

For the February Futures of Meezan Bank (MEBL-FEB), the stock opened and closed at the same price of PKR 171.29. The stock experienced a low and high of PKR 168, with a total of 4,000 shares traded. The closing price was reported as PKR 168.55.

Finally, the March Futures of Meezan Bank (MEBL-MAR) also showed no trading activity with an opening and closing price of PKR 0. The stock reached a high of PKR 172.42, and the closing price was noted as PKR 174.32.

These movements in Meezan Bank's stocks demonstrate the bank's consistent performance in the market, indicating a steady demand for Islamic banking services in the region.