Trends - MCB Bank - Business Recorder

MCB Bank

Missing billionaires

A new wave of billionaires is emerging from the East, but Pakistan has not been as fortunate in this regard. Based...

Published 01 Oct, 2024 09:10am

Business & Finance

MCB Bank posts highest-ever 1H PBT of Rs62.7bn

KARACHI: The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad...

Published 08 Aug, 2024 07:00am

Markets

‘Let’s go back to the 1960s laws’: Mian Mansha advocates smaller govts, efficient decision-making

KARACHI: For the first few minutes of his talk at the IPO Summit 2024, Mian Muhammad Mansha sounded like a...

Published 21 Jan, 2024 03:10am

Pakistan

Collection of Hajj application: Authorized banks to remain open today & tomorrow

KARACHI: Branches of authorized banks to remain open on Saturday and Sunday for collection of application forms with...

Published 09 Dec, 2023 05:46am

Markets

Bank of Punjab considers wholly-owned Exchange Company

The Bank of Punjab announced on Monday that its board was proposed the establishment of a wholly-owned Exchange...

Published 30 Oct, 2023 11:46am

BR Research

MCB: Low deposit cost drives profit

The banking sector profitability galore continued as MCB Bank Limited (MCB) announced 9MCY23 financial results –...

Published 30 Oct, 2023 06:33am

Business & Finance

Exchange companies: SBP gives NOCs to Allied Bank, MCB Bank

KARACHI: The State Bank of Pakistan (SBP) has issued the no-objection certificate (NOC) to Allied Bank Limited for...

Published 28 Oct, 2023 05:58am

Business & Finance

MCB Islamic Bank signs MoU with MCB Bank to offer expanded branch network

KARACHI: MCB Islamic has achieved another remarkable milestone. In a collaborative initiative, MCB Islamic Bank has...

Published 26 Oct, 2023 06:08am

Business & Finance

Driven by historic growth in current deposits: MCB Bank posts highest-ever half yearly PBT of Rs53.84bn

LAHORE: The Board of Directors of MCB Bank Limited (MCB) in its meeting under the chairmanship of Mian Mohammad...

Published 03 Aug, 2023 05:54am

Business & Finance

Jan-Jun: MCB Bank’s earnings increase over 150% year-on-year

MCB Bank Limited on Wednesday reported a massive surge in its half-year profit, largely driven by an increase in its...

Updated 02 Aug, 2023 09:36pm

Business & Finance

MCB Bank and VISA collaborate to create seamless payment experiences

LAHORE: MCB Bank, a leading financial institution announced its strategic partnership with Visa, the global payments...

Published 01 Aug, 2023 06:19am

Business & Finance

Zong 4G announces innovative partnership with MCB Bank

KARACHI: Zong 4G is proud to announce its strategic partnership with MCB Bank to offer customers an unmatched level...

Published 27 Jun, 2023 06:15am

Business & Finance

Silkbank green lights MCB’s due diligence

The Board of Directors at Silkbank Limited has permitted MCB Bank to proceed with due diligence for the acquisition...

Updated 01 Jun, 2023 06:35pm

Business & Finance

MCB Bank to conduct Silkbank’s due diligence

KARACHI: The Board of Directors of MCB Bank has accorded its in-principle approval to the management of the bank to...

Published 30 May, 2023 03:37am

Business & Finance

MCB Bank to conduct Silkbank’s due diligence

The Board of Directors (BoD) at MCB Bank has given its go-ahead to the management to conduct due diligence of...

Published 29 May, 2023 01:45pm

Business & Finance

MCB Bank launches ATM upgradation project

LAHORE: MCB Bank Limited (MCB), one of Pakistan’s leading banks, has launched a technology upgrade of its existing...

Published 18 May, 2023 06:10am

Business & Finance

MCB Bank, Telenor ink agreement

LAHORE: MCB Bank Limited, one of Pakistan’s leading banks, has entered into a strategic partnership with Telenor...

Published 27 Jan, 2023 06:15am

Business & Finance

SBP appoints PDs, SPDs for FY23

KARACHI: The State Bank of Pakistan (SBP) has announced the appointment of Primary Dealers and Special Purpose...

Published 14 Jul, 2022 05:00am

BR Research

MCB: Smooth ride continues

MCB Bank Limited (MCB) raked in phenomenal profitability growth on the back of strong core earnings. Like a...

Published 28 Apr, 2022 06:11am

Business & Finance

HBL & MCB Bank launch RDA drive ‘Roshan Raho’ in Riyadh, Jeddah

KARACHI: Leading Pakistani banks HBL & MCB Bank partnered with the Pakistani Consulate (Riyadh, KSA) to launch...

Published 01 Apr, 2022 05:41am

Telenor Microfinance Bank: MCB Bank eyes majority stakes

KARACHI: In a major development in the banking sector, MCB Bank is intending to acquire majority stake in Telenor...

Published 03 Nov, 2021 03:54am

Business & Finance

Purchase of 55% shares in Telenor Microfinance Bank: MCB Bank approves due diligence

Telenor Microfinance Bank is jointly owned by Telenor Pakistan and Ant Group

Published 02 Nov, 2021 06:25pm

Pakistan

Loan scheme: Rs82.6m interest-free loans approved for students

KARACHI: The Apex Committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance...

Published 21 Aug, 2021 04:21am

Business & Finance

April-June 2021: SBP imposes penalties of over half-a-billion rupees on banks

The State Bank of Pakistan (SBP) said that it has imposed penalties to the tune of Rs525.244 million on banks during...

Published 05 Aug, 2021 02:10pm

Business & Finance

MCB Bank-sponsored team successfully ascended K2 summit

LAHORE: An MCB Bank sponsored team of 5 porters from the Hushe region, an under developed and poverty stricken area...

Published 30 Jul, 2021 05:10am

Business & Finance

Jazz secures Rs50bn credit facility from banking consortium led by HBL

• 10-year facility to be used to finance ongoing 4G network rollouts and technology upgradation ISLAMABAD: Jazz...

Published 25 Jun, 2021 04:20am

BR Research

MCB posts record profits

MCB Bank Limited (MCB) rounded off a stellar CY20 with a final cash dividend of Rs15/share, taking the full-year...

Published 11 Feb, 2021 07:30am

Business & Finance

MCB Bank posts highest ever pofit before tax of Rs48.25bn

LAHORE: The Board of Directors of MCB Bank Limited (MCB) met under the Chairmanship of Mian Mohammad Mansha, on...

Updated 11 Feb, 2021 09:32am

Results of MSCI quarterly review will be released on 9th

KARACHI: MSCI will be releasing the results of the MSCI February 2021 Quarterly Index Review on February 9....

Updated 05 Feb, 2021 11:47pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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