Trends - MCB - Business Recorder

MCB

Muhammad Asim elected President of CFA Society Pakistan

KARACHI: CFA Society Pakistan has elected Muhammad Asim, CIO at MCB Investments, as its new President. Managing over...

Published 30 Sep, 2024 07:06am

Moody’s lifts long-term deposit ratings of 5 banks

ISLAMABAD: Moody’s Ratings (Moody’s) upgraded the long-term deposit ratings to Caa2 from Caa3 of five Pakistani...

Updated 31 Aug, 2024 03:33pm

BR Research

MCB: Record profits – again

MCB Bank Limited (MCB) continued its rich dividend payout legacy announcing another interim dividend of Rs9/share,...

Published 09 Aug, 2024 08:58am

Business & Finance

Foreign exchange buying, selling for individuals: LCCI successfully hosts awareness session

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) successfully hosted an Awareness Session on Foreign...

Published 09 Aug, 2024 06:56am

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

MCB Bank posts earnings of Rs16.8bn in 2Q2024, up over 14% YoY

MCB Bank Limited, one of Pakistan’s largest commercial banks, reported profit-after-tax (PAT) of Rs16.79 billion in...

Updated 07 Aug, 2024 09:49pm

Business & Finance

PITB, MCB and Mastercard sign MoU to digitise payments

LAHORE: The Punjab Information Technology Board (PITB), MCB Bank and Mastercard have signed a memorandum of...

Published 10 Jul, 2024 03:14am

Opinion

Pakistan’s economic crossroads

The socialist idea of central planning, which leads to a closed economy, has been followed by neoliberalism and...

Updated 17 May, 2024 06:12am

Business & Finance

MCB posts profit before tax of Rs32.5bn for Q1-2024

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

Published 25 Apr, 2024 03:05am

Business & Finance

MCB Bank gets SBP’s green signal to commence Exchange Company operations

MCB Bank Limited, one of the largest commercial banks in the country, has received approval of the State Bank of...

Updated 27 Mar, 2024 08:43pm

Pakistan

Moody’s upgrades Pakistan’s banking sector outlook from negative to ‘stable’

Banks' profitability, stable funding and liquidity provide adequate buffer to withstand the country's macroeconomic challenges and political turmoil, says report

Updated 07 Mar, 2024 05:23pm

BR Research

MCB: High(est) profits – low(est) ADR

MCB Bank Limited (MCB)recorded a historic profit of Rs59.6 billion – while continuing with its rich history of high...

Published 12 Feb, 2024 08:58am

Business & Finance

MCB posts highest-ever PBT for 2023

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

Published 07 Feb, 2024 05:30am

Opinion

AI - the bank of tomorrow

It is 2030. Imagine walking down I.I. Chundrigar Road Karachi. Imagine what will you see? Imagine if banking becomes...

Updated 03 Jan, 2024 05:58am

Markets

Habib Metropolitan Bank says it will establish wholly-owned EC

The Board of Directors of Habib Metropolitan Bank (HMB), a subsidiary of Habib Bank AG Zurich – Switzerland,...

Published 10 Oct, 2023 05:44pm

Business & Finance

Bank Alfalah to establish wholly-owned EC

Becomes sixth commercial bank to make such announcement to date

Updated 03 Oct, 2023 10:44pm

Business & Finance

Faysal Bank to set up ‘wholly-owned’ Exchange Company

Becomes 5th commercial bank to make such announcement this month

Updated 28 Sep, 2023 09:33pm

Perspectives

Much-needed iron fist comes into play

Pakistan’s economy – which remained a hotbed of developments in recent months – is back in the frontline with a...

Published 25 Sep, 2023 04:32pm

Business & Finance

MCB Bank joins UBL and Meezan, says it will establish wholly-owned Exchange Company

The Board of Directors (BoD) of MCB Bank Limited, one of the largest commercial banks in the country, announced it...

Updated 18 Sep, 2023 07:49pm

Business & Finance

MCB Live integrates MCB Funds for accessible savings and investments

LAHORE: MCB Funds, a leading asset management and investment company, has established a strategic alliance with MCB...

Updated 23 Aug, 2023 04:02pm

BR Research

MCB Bank Limited

MCB is one of the pioneers of the banking sector of Pakistan. The bank was incorporated in the private sector in...

Published 08 Aug, 2023 08:21am

BR Research

MCB: Investments and current account drive profit

MCB Bank Limited (MCB) doubled on the impressive first quarter, raking in record half yearly after-tax profits at...

Published 07 Aug, 2023 08:18am

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 Marham join hands to promote digital healthcare services

LAHORE: MCB Bank Limited, one of Pakistan’s leading banks, has established a strategic alliance with Marham...

Published 17 Jun, 2023 06:13am

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

BR Research

MCB: Current accounts drive profit

MCB Bank Limited (MCB) began 2023 from where it left 2022 – announcing Rs6/share first interim cash dividend to...

Updated 05 May, 2023 10:10am

Business & Finance

MCB posts Rs23.02bn profit before tax for Q1-2023

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

Published 28 Apr, 2023 06:08am

Moody’s downgrades long-term deposit ratings of five banks

ISLAMABAD: Moody’s Investors Service (Moody’s) has downgraded to Caa3 from Caa1 the long-term deposit ratings of...

Updated 04 Mar, 2023 09:11am

Pakistan

Moody's downgrades five Pakistani banks

Also downgrades the five banks' long-term foreign currency Counterparty Risk Ratings (CRRs) to Caa3 from Caa1

Updated 03 Mar, 2023 09:14pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 17	277.85
USD PKR Interbank Buying / Oct 17	277.65
USD to Japanese Yen / Oct 17	149.75
USD to Swiss Franc / Oct 17	0.87
Pound Sterling to USD / Oct 17	1.30
Euro to USD / Oct 17	1.09

Stock	Volume
S&P 500 / Oct 16	5,842.47
Nasdaq / Oct 16	18,367.08
Dow Jones / Oct 16	43,077.70
India Sensex / Oct 17	81,029.70
Tokyo Nikkei / Oct 17	38,911.19
Hang Seng / Oct 17	20,079.10
FTSE 100 / Oct 17	8,325.96
Germany DAX 30 / Oct 17	19,546.86

Item	Value
Crude Oil USD/Barrel / Oct 17	70.23
Karachi Cotton PKR/37.32 KG / Oct 17	18,085
Gold 10 Grams PKR / Oct 17	238,254
Gold Spot USD/Ounce / Oct 17	2,682.78
Cotton US¢/pound / Oct 17	70.58
Petrol/Litre / Oct 18	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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