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NIT – Islamic Income Fund Reports Offer and Redemption Prices

November 10, 2023 Uncategorized

Karachi: The Pakistan Stock Exchange (PSE) has released the latest financial details for NIT - Islamic Income Fund. Listed in 2019, the fund reports an offer price of 108.21 and a redemption price of 105.82. The financial year of the fund concludes in...

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AL Habib Cash Fund Shows Stability in Pakistan Stock Exchange

November 10, 2023 Uncategorized

Karachi: AL Habib Cash Fund, another open-end mutual fund, exhibited an offer price of Rs. 104.11 and a redemption price of Rs. 102.06 as of November 10, 2023. The fund, closing its financial year in June, has been operational since 2011, providing a ...

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Summit Bank Limited Announces Seven-Year Term Finance Certificate

November 10, 2023 Uncategorized

Karachi: Summit Bank Limited has announced a seven-year term finance certificate, SMB LTF C, with a market lot of 1 and a face value of Rs. 5,000. The profit rate is pegged to the 6-month KIBOR plus 3.25%. The issue size is Rs. 1,500,000,000, with an ...

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The Bank of Punjab and Habib Bank Limited Issue Perpetual Tier-I Securities

November 10, 2023 Uncategorized

Karachi: The Bank of Punjab has introduced a perpetual Tier-I Term Finance Certificate, symbolized as BOP TFC 2, with a profit rate of 6-month KIBOR plus 2.00%. The total issue size is Rs. 8,017,500,000, fully outstanding, with a market lot of 1 and a...

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Kashf Foundation Debuts Four-Year Term Finance Certificate

November 10, 2023 Uncategorized

Karachi: Kashf Foundation has entered the debt market with a four-year Term Finance Certificate (TFC), featuring a profit rate of 3-month KIBOR plus 2.25%. The market lot size is set at 1 with a face value of Rs. 1,000,000. The total issue size is Rs....

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Performance Overview of ABL Islamic Income Fund and ABL Islamic Stock Fund

November 10, 2023 Uncategorized

Karachi: The ABL Islamic Income Fund and ABL Islamic Stock Fund, part of Pakistan Stock Exchange's open-end mutual funds, have reported their performance for the year ending in June 2023. The ABL Islamic Income Fund showed an offer price of Rs. 11.13 ...

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Ghani Value Glass Ltd. Posts Strong Financial Performance

November 10, 2023 Uncategorized

Karachi: Ghani Value Glass Ltd. (GVGL) ended the trading session at Rs. 35.94 per share. The company's paid-up capital is substantial, with distributions of 60% in 2021 and 40% in 2022. The market lot remains at 500, with the last book closure on 21/1...

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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.

  • Hot, Humid Weather to Persist Across Most Parts of Country: PMD

    2 days ago
  • Pakistan Keen to Further Strengthen Cooperation with US: PM

    2 days ago
  • MoRA Urges Pilgrims to Renew Passports Early for Hajj 2027

    2 days ago
  • Pakistan and Jordan Leadership Voice Concerns Over Escalating Palestine Tensions

    2 days ago
  • Pakistan Customs Successfully Thwarts Smuggling Attempts in GB

    2 days ago

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