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Allied Finergy Fund Releases Offer and Redemption Prices

November 3, 2023 Uncategorized

Karachi: The Allied Finergy Fund has recorded its offer price at Rs. 9.48 and redemption price at Rs. 9.16 as of June 2023. There have been no distributions for the current period. The fund's previous book closure was on June 27, 2022, and it has been...

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Dewan Farooque Spinning Maintains Steady Market Performance Without Dividend Issuance

November 3, 2023 Uncategorized

Karachi: Dewan Farooque Spinning Mills (DFSM) maintained a steady share rate closing at Rs. 2.35 and showed a daily weighted average rate of Rs. 2.39. The firm, with a paid-up capital of Rs. 977.51 million, had no distributions for the fiscal year end...

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Hub Power Holdings Limited Introduces 5-Year Sukuk at 6M KIBOR+2.5%

November 3, 2023 Uncategorized

Karachi: Hub Power Holdings Limited has brought a 5-year Sukuk to the market, with a face value per unit set at Rs. 100,000. The profit rate offered is the 6-month KIBOR plus a 2.5% margin. The company has raised a total of Rs. 6 billion through this ...

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Rafhan Maize Products Announces Extraordinary Distributions, Signals Strong Market Presence

November 3, 2023 Uncategorized

Karachi: Rafhan Maize Products Co. declared an unprecedented distribution of 6000% in 2021 and 2750% in 2022, with an anticipatory 2500%(III) for 2023. The company's share value reached a high of Rs. 7155 and a turnover of Rs. 33760 for the year. Desp...

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K-Electric Limited Offers 7-Year Sukuk at 3M KIBOR+1.7%

November 3, 2023 Uncategorized

Karachi: K-Electric Limited has issued a 7-year Sukuk with each unit valued at a face value of Rs. 5,000. The rate of return is determined by the 3-month KIBOR with an addition of 1.7%. The total issue size has reached Rs. 25 billion, and the current ...

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Clover Pakistan Ltd Holds Steady in Stock Performance

November 3, 2023 Uncategorized

Karachi: Clover Pakistan Ltd's (CLOV) share price remained steady, closing at Rs. 14.47, closely aligned with the daily weighted average of Rs. 14.44. The company, which did not announce any dividend for the years 2021 to 2023, has a paid-up capital o...

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Alias Liquid Fund Announces Daily Dividend for November 02, 2023

November 3, 2023 Uncategorized

Karachi: Atlas Asset Management, an esteemed member of the Atlas Group and rated AM2+ by PACRA, has relayed the dividend distribution specifics for its Alias Liquid Fund (ALF) for the date November 02, 2023. The management company and the investment...

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Asianet Pakistan

Asia Net Pakistan is a website that provides press release distribution and publishes news online across various sectors including business, politics, sports, and entertainment. The primary goal is to keep readers informed about happenings that can impact their lives. The website publishes news and highlights issues, urging concerned authorities to address them.

  • Dry Weather to Prevail in Most Parts of Country: PMD

    3 days ago
  • PM Directs Integration of Public-Private Partnership Authority to Expedite Development Projects

    3 days ago
  • Pakistan Ready to Collaborate for Democratic UNSC, Says Ambassador Asim

    3 days ago
  • DPM, Saudi FM Emphasize Importance of Dialogue

    3 days ago
  • Pakistan and US Discuss Recent Regional Developments

    3 days ago

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