Karachi, Johnson & Phillips (Pakistan) Ltd., a longstanding player in the Pakistan Stock Exchange, has announced a significant development. Muhammad Anis Mianoor, a major shareholder, has decided to purchase all remaining shares of the company hel...
Read More »Saif Power Ltd. Announces Strong Distributions Amid Positive Financial Performance
Karachi, Saif Power Ltd. (SPWL), listed in 2014, declared an 85% distribution, followed by a 27.90% interim distribution for the fiscal year ending December 2023. The company's share price was Rs. 19.33, reaching a high of Rs. 22.6 and a low of Rs. 16...
Read More »K-Electric Ltd Faces Market Challenges; Reports Negative EPS
Karachi, K-Electric Ltd (KEL), one of the oldest players in the power sector since 1949, faced significant market challenges, reflected in its negative EPS of Rs. (1.12). The company, with no distributions announced, saw its share price fluctuate betw...
Read More »Mahmood Textile Mills Ltd. Reports Exceptional Financial Performance
Karachi, Mahmood Textile Mills Ltd. (MEHT) reported exceptional financial performance for the year ending June 2023. The company's daily weighted average rate was Rs. 300.00, with a paid-up capital of Rs. 300.00 million. MEHT declared a 100% cash and ...
Read More »Meezan Bank Ltd. Reports Substantial Year-End Results
Karachi, Meezan Bank Ltd. (MEBL), a major player in the Islamic banking sector, announced a daily weighted average rate of Rs. 166.60 for the fiscal year ending December 2023. The bank's paid-up capital is Rs. 17,912.53 million. Meezan Bank declared a...
Read More »NIT – Islamic Income Fund Reports on Market Activity
Karachi, Since 2019, the NIT - Islamic Income Fund has been active in the market. The fund reported offer and redemption prices of Rs. 10.18 for June, focusing on Islamic income strategies. The fund did not declare any distribution.
Read More »Sui Northern Gas Pipelines Reports Strong Financial Results
Karachi, Sui Northern Gas Pipelines (SNGP) reported strong financial results for the fiscal year ending June 2023. The company's daily weighted average rate was Rs. 68.65, with a significant paid-up capital of Rs. 6,342.17 million. SNGP declared a 15%...
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