Karachi: Pakistan Oilfields Ltd., listed since 1979, closed at a rate of 424.26 with a daily weighted average rate of 2,838.55. The company declared distributions of 500% in 2021, 700% in 2022, and 800% in 2023. The stock's high rate touched Rs 460, w...
Read More »ABL Special Savings Fund’s Multiple Plans Disclose Prices
Karachi: ABL Special Savings Fund, with its various plans, has disclosed its offer and redemption prices. As of November 14, 2023, the Special Savings Plan-I reported offer and redemption prices of 10.22 and 10.11, respectively, while Plan-II listed p...
Read More »HBL Islamic Money Market Fund Reveals Year-End Performance
Karachi: The HBL Islamic Money Market Fund, a participant in the market since 2011, disclosed its year-end results. For the year ending June 2023, the fund posted an offer price of PKR 102.31 and a redemption price of PKR 101.17. It declared a dividen...
Read More »Orient Rental Modaraba Posts Strong Financial Performance
Karachi: Orient Rental Modaraba (ORM) posted strong financial performance in the market. The modaraba closed at PKR 6.50, with a paid-up capital of PKR 750.00 million as of June. It distributed a 10% return in both 2021 and 2023. The market lot is 500...
Read More »United Distributors Pakistan Ltd. Faces Loss
Karachi: United Distributors Pakistan Ltd. reported a loss with negative earnings per share of (2.22) Rs. and no dividends for June. The share rate is listed at 352.71 Rs., with a turnover of 115000 shares, suggesting a challenging period since its 19...
Read More »Honda Atlas Cars (Pakistan) Ltd. Reflects Solid Market Performance
Karachi: Honda Atlas Cars (Pakistan) Ltd., listed since 1994, reported a rate of 174.67 and a daily weighted average rate of 1,428.00. The company's distributions were 45.2% in 2021 and 70% in 2022, with no distributions in 2023. The high rate was Rs ...
Read More »Hub Power Holdings Limited Structures Five-Year Sukuk
Karachi: Hub Power Holdings Limited has structured a five-year sukuk, HUBPHLSC, with a profit rate of 6M KIBOR+2.5%. With a total issue size of 6 billion Rs. and an equal outstanding principal, the next coupon payment is expected on 12-May-2024, under...
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