BankIslami Pakistan Ltd Continues Moderate Dividend Growth

Karachi, BankIslami Pakistan Ltd (BIPL) traded at Rs. 22.81 today, just above its daily average of Rs. 22.75. The bank, with a capitalization of Rs. 11,087.03 million, plans a 10% dividend this year, increasing to 27.5% next year. According to information available from the Pakistan Stock Exchange (PSX), BankIslami was listed in March 2006 and traded 158,215,893 shares. Its stock price reached Rs. 27.12 and dipped to Rs. 19.9 from January to April 2024, with an EPS of Rs. 4 for 2022/2023.