KARACHI: MCB reported on Thursday a net profit of 16.87 billion rupees ($198 million) for the year ended on Dec. 31, compared with 15.49 billion rupees earned last year.

MCB, in which Malaysia's Maybank holds a 20 percent stake, also announced a cash dividend of 3 rupees per share.

MCB shares were trading 1.75 percent lower at 218.69 rupees by 1:22 p.m. (0822 GMT), in a broader market that was down 0.28 percent.