Karachi, The Atlas Islamic Dedicated Stock Fund and Atlas Islamic Fund of Funds, both listed in 2019, reported their financial standings for June 2023. The Dedicated Stock Fund maintained its offer and redemption prices at 786.16, with no distribution...
Read More »United Bank Limited Introduces Tier-I TFC
Karachi, United Bank Limited has issued "TFC (Tier-I)" (UBLTFC5) with a face value of Rs. 5,000. The profit rate for this security is defined as "3M KIBOR +1.55%". With both its total issue size and outstanding principal amount standing at Rs. 10,000,...
Read More »Masood Textile Mills Preference Shares Show Limited Market Activity
Karachi, Masood Textile Mills Preference (MSOTPS), in the textile sector, recorded a closing rate of Rs. 9.44 on the Pakistan Stock Exchange. The company, with a paid-up capital of Rs. 275.00 million, did not register significant market movement. MSOT...
Read More »Agha Steel Industries Limited Issues Sukuk Security
Karachi, Agha Steel Industries Limited has launched a Sukuk security (AGSILSC) with a market lot of 1 and a face value of Rs. 1,000,000. This six-year tenor security offers a profit rate of 3M KIBOR+0.8%. The total issue size is Rs. 5,000,000,000, wit...
Read More »Interloop Limited Registers Strong Market Presence
Karachi, Interloop Limited (ILP), a significant name in the textile industry, closed at Rs. 69.32 on the Pakistan Stock Exchange. The company, boasting a large paid-up capital of Rs. 14,014.47 million, had a daily weighted average rate of Rs. 70.17. I...
Read More »Pakistan Services Ltd Faces Market Challenges
Karachi, Pakistan Services Ltd, operating in the miscellaneous sector, faced market challenges. The company's share rate is Rs. 1085.33, with a paid-up capital of Rs. 325.24 million. It did not declare any dividends for 2021 and 2022. The stock record...
Read More »Prudential Modaraba Reports Modest Performance
Karachi, Prudential Modaraba 1st NC (PMI) closed at PKR 2.18, with a daily average rate of PKR 2.41. The company, having a paid-up capital of PKR 1,293.92 million, was listed in 1990. It announced distributions of 0.80% for 2021, 1.70% for 2022, and 3...
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