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MCB Funds Announces Daily Dividend Payout for ALHAMRA Islamic Money Market Fund

Karachi: MCB Investment Management Limited has declared a daily dividend distribution for its ALHAMRA Islamic Money Market Fund (ALHIMMF) on July 14, 2024. According to information available from the Pakistan Stock Exchange (PSX), the company’s Chief Executive Officer announced the approved dividend payout on behalf of the Board of Directors.

The fund will distribute a dividend of Re. 0.0462 per unit to the investors listed in the unit holder register at the end of the day on July 14, 2024. This announcement aligns with MCB’s commitment to providing consistent returns to its investors through its range of investment products.

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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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