Karachi, United Bank Ltd. (UBL), a key player in Pakistan’s banking sector, announced a notable dividend of 220% for 2022 and an impressive 440% for 2023. The bank’s EPS for January to February 2024 stood at 26.19, indicating strong financial health. UBL’s stock was priced at Rs. 181.79, with the daily average slightly higher at Rs. 182.31. The bank’s capital amounted to Rs. 12,241.80 million. Today, shares reached a peak of Rs. 193 and a minimum of Rs. 176.48, attracting a turnover of 31,073,072 shares. United Bank Ltd.’s substantial dividend payouts and positive EPS reflect its commitment to maintaining a dominant market presence and rewarding its shareholders.
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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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