The Bank of Punjab to Pay Next Coupon for Perpetual Debt on June 20

Karachi, The Bank of Punjab, listed under privately placed debt securities on the Pakistan Stock Exchange, announced its next coupon payment date as June 20, 2024. The bank has issued perpetual debt with a market lot of one and a face value of PKR 100,000. The profit rate is set at 6M KIBOR plus 2.00%, with an outstanding principal amount of PKR 8,017,500,000.

Askari Bank Limited Continues Steady Growth with Increased Distributions

Karachi, Askari Bank Ltd. (AKBL) maintained a stable financial stance with an EPS of Rs. 11.16 for the January to March 2024 period, compared to last year’s rate. The bank recorded a daily weighted average rate of Rs. 24.73, with a significant turnover of 72,472,000 shares. Askari Bank announced a 15% bonus distribution, upping it from last year, along with a 25% regular distribution. The trading rates for the bank fluctuated between Rs. 25.51 and Rs. 24.73, reflecting a solid performance in a competitive market environment.

Habib Bank Limited Sets June 28 for Next Perpetual Debt Coupon

Karachi, Habib Bank Limited has scheduled its upcoming coupon payment for its perpetual debt securities on June 28, 2024. These securities have a market lot of one and a face value of PKR 100,000. The profit rate for these securities is based on 3M KIBOR plus 2.00%. The total outstanding principal stands at PKR 6,500,000,000.

Bank AL Habib Ltd. Demonstrates Strong Financial Performance with High EPS

Karachi, Bank AL Habib Ltd. (BAHL) showcased a robust financial outcome with an EPS of Rs. 14.91 for the initial quarter of 2024, marking an increase from the previous period. The bank's trading rate concluded at Rs. 90.35, with a turnover reaching 43,030,868 shares. The distributions were set at 70% initially, rising impressively to 140%, reflecting the bank’s strong financial health and commitment to rewarding its shareholders. The trading prices maintained a stable range, peaking at Rs. 90, which underscores a strong year for BAHL.

Bank Alfalah Limited Announces Coupon Date for Perpetual Debt

Karachi, Bank Alfalah Limited has confirmed that the next coupon date for its perpetual debt securities will be June 21, 2024. The securities are issued with a market lot of one and a face value of PKR 5,000. The profit rate is determined as 6M KIBOR plus 2.00%, with the total outstanding principal amounting to PKR 7,000,000,000.

K-Electric Limited to Pay Coupon on May 23 for Seven-Year Debt

Karachi, K-Electric Limited has announced the next coupon payment date for its seven-year debt securities as May 23, 2024. These securities, with a market lot of one and a face value of PKR 100,000, carry a profit rate of 3M KIBOR plus 1.7%. The outstanding principal is recorded at PKR 6,700,000,000.

The Bank of Punjab Continues to Attract High Volume Trading

Karachi, The Bank of Punjab (BOP) reported an EPS of Rs. 3.64 for the first quarter of 2024, reflecting steady financial growth. The bank's trading volume was high, with 897,397,872 shares changing hands at a rate of Rs. 5.31. The Bank of Punjab maintained a 10% distribution rate, consistent with the previous year, amidst a trading range that saw the stock price rise to Rs. 7.31. This performance demonstrates the bank's stable position in the market and its ongoing appeal to investors.

Soneri Bank Limited Sets June 26 Coupon Date for Ten-Year Debt

Karachi, Soneri Bank Limited will make its next coupon payment for its ten-year debt securities on June 26, 2024. The securities are issued with a market lot of one and a face value of PKR 100,000. The profit rate for these securities is set at 6M KIBOR plus 1.7%, with an outstanding principal of PKR 3,998,400,000.

Invest Capital Investment Bank Records Modest EPS Growth in Q1 2024

Karachi, Invest Capital Investment Bank (ICIBL) has posted an earnings per share of Rs. 1.76 for the quarter ended March 2024. The bank, which was listed on the Pakistan Stock Exchange in 1993, saw its shares peak at Rs. 1.36 and bottom out at Rs. 2,848.67. A total of 12,640,500 shares were traded, with the share price hitting a high of Rs. 0.32 during the period. No dividend was distributed.

JS Bank Limited to Pay Coupon on May 29 for Ten-Year Debt

Karachi, JS Bank Limited has disclosed the next coupon date for its ten-year debt securities as May 29, 2024. The securities are issued with a market lot of one and a face value of PKR 100,000. They feature a profit rate of 3M KIBOR plus 2.00%, with an outstanding principal of PKR 3,499,533,100.