Karachi, Allied Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,500 shares @ Rs. 106.99 per share were bought from the market on January 17, 2019 and 98,500 shares @ Rs. 107.00 per share were bought from the market on January 17, 2019 through CDC.
Allied Bank Limited is incorporated in Pakistan under the Companies Ordinance, 1984. It is a scheduled bank, engaged in commercial banking and related services. The Bank operates a total of 948 branches in Pakistan, 1 branch in Karachi Export Processing Zone Branch, and 1 wholesale banking branch in Bahrain. The subsidiary of the company includes ABL Asset Management Company Limited. The bank is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Lahore.
The services of the company are in the personal and business banking segment. The services of the bank in the banking segment includes everyday accounts, lifestyle banking, savings and term deposits, credit and debit cards, domestic remittances, banc-assurance and e-banking services.
The symbol “ABL” is being used by the stock exchanges for the shares of Allied Bank Limited.