Silkbank Ltd Struggles to Gain Momentum in Challenging Market Conditions

Karachi, Silkbank Ltd (SILK) continues to struggle in the current market, with a modest rate of Rs. 0.95 and an average rate of Rs. 0.96. The bank, with a massive paid-up capital of Rs. 90,818.61 million, did not declare any distributions this year. Silkbank’s shares have seen a high of Rs. 1.27 and a low of Rs. 0.8, marginally better than last year’s low of Rs. 0.12*. The bank has been listed on the Pakistan Stock Exchange since 1995.