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MCB Funds Declares Daily Dividend for Alhamra Islamic Money Market Fund

Karachi: MCB Investment Management Limited has announced a dividend payment for holders of the Alhamra Islamic Money Market Fund (ALHIMMF) as of July 11, 2024.

The Chief Executive Officer, on behalf of the Board of Directors, has set the daily dividend rate at Re. 0.0521 per unit. According to information available from the Pakistan Stock Exchange (PSX), this payout will be disbursed to those listed in the unit holder register at the day’s close on July 11, 2024. The announcement is part of MCB Funds’ ongoing commitment to providing consistent financial returns to its investors through its managed funds.

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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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