MCB FUNDS Announces Daily Dividend Distribution for Alhamra Daily Dividend Fund

Islamabad: The Chief Executive Officer of MCB Investment Management Limited, managing the Alhamra Daily Dividend Fund (ALHDDF), announced a daily dividend payout on behalf of the Board of Directors. According to information available from the Pakistan Stock Exchange (PSX), this distribution is in line with the fund’s performance and commitment to its unit holders.

On September 8, 2024, the fund declared a dividend of Rs. 0.0459 per unit. This payout is applicable to all unit holders registered at the close of business on the same day. The ALHDDF is categorized under the income fund market, focusing on delivering consistent returns through dividend distributions.

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PSX Issues Buy-Back Directive for Three Companies Over Regulatory Non-Compliance

Karachi: The Pakistan Stock Exchange (PSX) has issued a compulsory buy-back directive to the sponsors and majority shareholders of three companies, following their continued failure to comply with specific financial regulations. The companies have bee...

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