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...
Read More »TPL Corp Limited Strengthens Market Position with Sukuk and TFC
Karachi: TPL Corp Limited has solidified its market position by issuing a sukuk, TPLSC, and a TFC, TPLTFC3, each with five-year tenures. The sukuk carries a profit rate of 3M KIBOR+2.25%, and the TFC offers a slightly higher rate of 3M KIBOR+2.50%. Bo...
Read More »K-Electric Limited Commits to Seven-Year Sukuk
Karachi: K-Electric Limited's seven-year sukuk, KELSC5, has been issued with a profit rate tied to 3M KIBOR+1.7%. The issue size is 25 billion Rs., with an outstanding principal of 23.75 billion Rs. The next coupon date is anticipated on 03-02-2024, i...
Read More »Siddiqsons Tin Plate Ltd. Maintains Stability Amid No Dividends
Karachi: Siddiqsons Tin Plate Ltd. reported no dividends for June, maintaining a share rate of 7.05 Rs. The company achieved an earnings per share of 1.41 Rs., with a turnover of 45886000 shares, indicating steady market activity since its 2005 listin...
Read More »Emirates Announces $950 Million Investment in State-of-the-Art Engineering Facility in Dubai
Dubai, Emirates, the world's largest international airline, revealed plans to invest a staggering $950 million in constructing a new, ultra-modern engineering facility at Dubai World Central (DWC). This expansive project, covering 1 million square mete...
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