Karachi: The Chief Executive Officer of MCB Investment Management Limited, the managing entity of the Alhamra Daily Dividend Fund (ALHDDF), has declared a dividend distribution. On October 13, 2024, a dividend of Re. 0.0422 per unit was approved by th…

Rawalpindi: Fauji Fertilizer Bin Qasim Limited (FFBL) and Fauji Fertilizer Company Limited (FFCL) are set to amalgamate following a special resolution passed during the Extraordinary General Meeting (EOGM) on November 4, 2024. The merger, approved by …

Karachi:

The Meezan GORP Pension Fund (MGOFRPP), which primarily invests in Shariah-compliant stocks and debt instruments, has reported a significant increase in assets for the period ending December 14, 2023. According to information available from…

Karachi: In a recent communication with the Pakistan Stock Exchange (PSX), Mari Petroleum Company Limited disclosed that several of its executives have engaged in substantial share purchases throughout October 2024, showcasing a robust internal invest…

Karachi: The Meezan Energy Fund (MEF), an open-end equity fund focused on Shariah-compliant investments in the energy sector, reported a substantial positive return of 86.79% to its investors for the fiscal year ending June 30, 2024. According to info…

Karachi: United Bank Limited (UBL) disclosed a transaction by a non-executive director in compliance with Pakistan Stock Exchange regulations. According to the announcement dated October 14, 2024, Tahira Sheikh, identified as a non-executive director …

Karachi: EFG Hermes Pakistan Limited (EFGH) announced the approval of its merger with IMS Securities Limited (IMS) following the sanction of the Scheme of Arrangement by the Honourable High Court of Sindh. According to the disclosure issued by EFG Her…

Karachi: The Meezan Strategic Allocation Fund (MSAF), a Shariah Compliant fund of funds scheme, reported mixed financial results for its five investment plans as of June 30, 2024. The fund, aiming to generate returns through diversified allocation in …

Karachi: In a recent development, BMA Capital Management Limited has announced the permanent closure of its branch office located at Karachi. The office will cease operations from Thursday, December 26, 2024.

The closure notice, which was mandated b…