Karachi, The AKD Cash Fund, active since 2012 on the Pakistan Stock Exchange, announced a 6.13% distribution for the fiscal year ending in June 2023. The fund's offer price was 55.9, with a distribution of Rs 2.31660 per unit. This financial performan...
Read More »U.D.L. Modaraba Records Consistent Growth
Karachi, U.D.L. Modaraba 1st (FUDLM) recorded consistent growth in the market. The modaraba's rate today was PKR 7.11, with a daily weighted average rate of PKR 7.21. It has a paid-up capital of PKR 351.21 million as of June and declared an 11% distri...
Read More »Agha Steel Industries Limited Strengthens Market with Sukuk Issuance
Karachi, Agha Steel Industries Limited has fortified its financial position by issuing a Sukuk worth Rs. 5 billion, with Rs. 3.75 billion currently outstanding. The security, listed as AGSILSC on the Pakistan Stock Exchange, is set for a six-year term...
Read More »HBL Multi Asset Fund Records Moderate Yield
Karachi, Since its inception in 2008, the HBL Multi Asset Fund has recorded a moderate 4.00% yield for the year ending June 2023. The fund's offer price stands at Rs 116.24, maintaining a steady position in the multi-asset market.
Read More »HBL Total Treasury ETF Maintains Stability in Debt Market
Karachi, The HBL Total Treasury ETF, trading under the symbol "HBLTETF (07-DEC-23) *," has showcased a stable presence in the debt exchange-traded funds category of the Pakistan Stock Exchange. With today's closing rate at Rs. 11.00 and a daily weight...
Read More »Samba Bank Limited Issues Ten-Year TFC to Bolster Market Position
Karachi, Samba Bank Limited has issued a Tier-II TFC, "SBLTFC," with a ten-year tenure, as noted in its filing with the Pakistan Stock Exchange. The TFC has a total issue size of Rs. 5 billion, with Rs. 4.997 billion outstanding. It is scheduled for i...
Read More »K-Electric Limited Charges Ahead with Seven-Year Sukuk
Karachi, K-Electric Limited has issued a seven-year Sukuk, "KELSC6," to raise funds for its operations. This Islamic financial instrument has a total issue size of Rs. 6.7 billion, with an equivalent outstanding principal. With a market lot of 1 and a...
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