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Karachi, The UBL Stock Advantage Fund, another portfolio managed by UBL Fund Managers, announced a new distribution rate of 4.42% for the fiscal year ending June 2023, down from last year’s 5.50%. The fund’s offer price stood at 98.68 with a redemption price of 95.97. The UBL Stock Advantage Fund has been operational since 2006.
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PSX Issues Buy-Back Directive for Three Companies Over Regulatory Non-Compliance
Karachi: The Pakistan Stock Exchange (PSX) has issued a compulsory buy-back directive to the sponsors and majority shareholders of three companies, following their continued failure to comply with specific financial regulations. The companies have bee...
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