HBL Total Treasury ETF Maintains Solid Performance in 2023Bank Makramah Limited Announces Proposed Right Issue

Karachi, The HBL Total Treasury ETF, trading under the symbol HBLTETF, demonstrated a robust performance as of January 3, 2024, with a closing NAV of Rs 111.50 and a daily weighted average NAV of Rs 111.42. The fund, boasting a size of Rs 555.000 million as of June 2023, did not declare any distributions but reported an impressive 14% yield. It experienced a significant turnover of 75,233,000, with a high rate of Rs 11.48 and a low rate of Rs 10.05, indicating a strong market presence since its listing in 2022.

Karachi, Bank Makramah Limited, formerly known as Summit Bank Limited, has announced a proposed right issue at a rate of 65%. The announcement made on January 4, 2024, by the Pakistan Stock Exchange (PSE) indicates a significant move by the bank to raise capital. The specific details regarding the commencement date and procedures for the right issue are yet to be disclosed.