HBL Total Treasury ETF Reports Strong Performance in 2023Bank Makramah Limited Announces 65% Rights Issue

Karachi, The HBL Total Treasury ETF (HBLTETF), launched in 2022, showcased strong performance with a NAV of 111.57 and an iNAV of 111.0021. The fund, having a substantial market lot of 100, recorded a significant turnover of 75,233,000. The ETF’s high rate reached 11.48, with a low of 10.05 in 2023, reflecting a steady growth since its listing.

Karachi, Bank Makramah Limited, formerly known as Summit Bank Limited, announced a significant rights issue to its shareholders. According to the Pakistan Stock Exchange report dated December 29, 2023, the bank is set to issue rights at a rate of 65%. This move is aimed at bolstering the bank’s capital base and expanding its financial capabilities.