Askari Bank Announces Growth in Dividend Payout for 2023

Karachi, Askari Bank Ltd. (AKBL) unveiled its financial achievements for the fiscal year 2023, showcasing an upward trend in its dividend payout. The bank’s shares traded at a daily weighted average of Rs. 22.86, supported by a robust paidup capital of Rs. 14,492.99 million. Demonstrating a commitment to shareholder value, Askari Bank increased its dividend from 15% in the previous year to 25% for 2023. The bank experienced a share price range of Rs. 25.51 to Rs. 22.25, with a high turnover of 59,248,000 shares from January to February 2024. Established in 1992, the bank continues to show strength and growth in the competitive banking sector.