Meezan Bank Announces Impressive Dividend Amid Market Uncertainty

Karachi, Meezan Bank Ltd. (MEBL), a prominent Islamic bank, today revealed a robust performance with a current rate of Rs. 137.01 and an average rate of Rs. 137.26. The bank’s paid-up capital stands at Rs. 17,912.53 million. Meezan Bank has significantly increased its distributions, announcing 120%(III) for the year 2023. The bank’s shares reached a high of Rs. 140 and a low of Rs. 82.42 this year, showing steady growth from last year’s low of Rs. 17.43. Meezan Bank has been listed on the Pakistan Stock Exchange since 2000.