Karachi, Bank Islami Pakistan Limited has announced the issuance of a Sukuk (Tier-I) worth PKR 1 billion. The perpetual Sukuk, identified as BIPLSC2, carries an interest rate of the 1-month Karachi Interbank Offered Rate (KIBOR) plus 2.5%. This strate...
Read More »International Steels Ltd. Reflects Steady Growth with Dividend Announcement
Karachi, International Steels Ltd. (ISL), a notable entity on the Pakistan Stock Exchange, disclosed its financial performance for January-February 2024, presenting an Earnings Per Share (EPS) of Rs 8.09. The company, with a paid-up capital of Rs 4,35...
Read More »Pakistan Alumin Sees Varied Trading Activity, Announces Monthly Stock Performance
Karachi, In the latest closing summaries from the Pakistan Stock Exchange (PSE) dated 22 March 2024, Pakistan Alumin (PABC) showcased varied trading activities across its stock categories for the month. The company, a key player in the aluminium secto...
Read More »AWT Financial Sector Income Fund Maintains Status Quo in Distributions
Karachi, The AWT Financial Sector Income Fund, listed in 2023, has declared its financial status to the Pakistan Stock Exchange, revealing an offer and redemption price both set at 117.57 as of June. The fund, focusing on the financial sector, announc...
Read More »Al Ameen Islamic Financial Planning Funds Announce Mixed Distribution Rates
Karachi, The Al Ameen Islamic Financial Planning Fund II and its various allocation plans have reported their distribution rates for the year, with some plans showing a positive distribution while others reported no distribution, according to the late...
Read More »Mehran Sugar Sees Gain in Stock Value
Karachi, Mehran Sugar (MRNS) experienced a notable increase in its stock value, closing at PKR 54.5, up from an opening price of PKR 53.02 on March 22. The stock's price moved between PKR 53 and PKR 53.05, with 8,500 shares changing hands. The closing...
Read More »Service Textiles Industries Ltd. Reports Loss and No Dividend Declaration
Karachi, Service Textiles Industries Ltd. (SERT) has revealed a financial loss with an earnings per share of -11.45 for the January-February 2024 period. The company has not announced any dividend or bonus for its shareholders. The trading showed a da...
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