Trends - pakistan banking sector

pakistan banking sector

BAFL operations in Bangladesh: central banks give green signal for due diligence facilitation

The central banks of Pakistan and Bangladesh have granted in-principle approval to Bank Alfalah Limited (BAFL) to...

Updated 15 Nov, 2024 04:42pm

Business & Finance

Bank Alfalah withdraws intention to acquire stake in Samba Bank as SNB halts divestment

Bank Alfalah Limited (BAFL), one of Pakistan’s largest commercial banks, has withdrawn its public announcement of...

Updated 14 Nov, 2024 10:59pm

Business & Finance

SBP approves TPL Corp, Abhi’s acquisition of FINCA Microfinance Bank

The State Bank of Pakistan (SBP) has given its final approval to TPL Corp Limited (TPL), a Pakistani financial...

Updated 12 Nov, 2024 06:16pm

Business & Finance

Saudi National Bank terminates plan to divest stake in Samba Pakistan

Saudi National Bank (SNB) has terminated the process for the sale of its equity stake in Samba Pakistan. The...

Updated 12 Nov, 2024 10:46pm

Business & Finance

Silkbank’s board grants in-principle approval for UBL merger

The Board of Directors (BoD) of Silkbank Limited have granted their in-principle approval for a potential merger...

Published 06 Nov, 2024 02:45pm

Business & Finance

1H’24: NBP records total income of Rs96.8bn, up 5.1pc YoY

KARACHI: The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met on August 28 to approve the...

Updated 30 Aug, 2024 04:18pm

Pakistan

Moody’s upgrades Pakistan’s ratings to Caa2, outlook now positive

Upgrade reflects Pakistan’s improving macroeconomic conditions, says Moody's
Expects IMF to approve the EFF in the next few weeks

Updated 28 Aug, 2024 08:04pm

Business & Finance

Faysal Bank’s profit surges 60%, clocks in at Rs7bn in Apr-June

Faysal Bank posted a consolidated profit after tax of Rs6.95 billion for the quarter ended June 30, 2024, nearly 60%...

Updated 28 Aug, 2024 04:58pm

Business & Finance

Standard Chartered Pakistan’s profit marginally up YoY in 2QCY24

Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, posted earnings of...

Published 27 Aug, 2024 03:30pm

Business & Finance

JS Bank records 678% jump in consolidated profit in 2QCY24

JS Bank Limited (JSBL) posted massive earnings of Rs5.5 billion during the quarter ending June 30, 2024, up over...

Published 27 Aug, 2024 01:14pm

BR Research

HBL banks on investment

Pakistan’s largest commercial bank, HBL continued its merry way of raking in another quarter of stellar profits,...

Published 27 Aug, 2024 06:55am

Business & Finance

Bangladesh operations: Bank Alfalah receives non-binding offer from Sri Lanka’s Hattan National Bank

Hattan National Bank (HNB), a private-sector commercial bank in Sri Lanka, has made a non-binding offer to acquire...

Published 26 Aug, 2024 03:55pm

Business & Finance

Allied Bank’s profit jumps 25% in 2QCY24

Despite marginally lower net income, Allied Bank (ABL) posted a profit-after-tax of Rs12.47 billion in quarter ended...

Published 21 Aug, 2024 02:04pm

Global moot highlights opportunities for growth, innovation in Islamic banking

KARACHI: A high-level international conference titled CotIB -“Conversion to Islamic Banking” highlighted...

Updated 21 Aug, 2024 08:51am

Business & Finance

Meezan Bank’s profit up nearly 55% in 2QCY24

Meezan Bank, the country’s largest Islamic bank, posted consolidated earnings of Rs26.89 billion for the second...

Updated 08 Aug, 2024 09:44pm

Highest returns in Q2: Pakistani banks dominate Asia-Pacific lenders ranking: S&P Global

ISLAMABAD: Pakistani banks dominated a ranking of Asia-Pacific lenders with the highest total returns in the second...

Updated 09 Jul, 2024 10:32am

Business & Finance

SBP gives go-ahead to Bank Alfalah to conduct due diligence of Samba Bank

The State Bank of Pakistan (SBP) has granted its approval to Bank Alfalah Limited to commence due diligence of Samba...

Updated 20 May, 2024 08:07pm

Business & Finance

SBP gives go-ahead for due diligence of Bank Alfalah Bangladesh to Bank Asia

Bank Alfalah intends to sell its operations in Bangladesh to Bank Asia

Updated 17 May, 2024 05:13pm

Business & Finance

HBL to inject up to Rs6bn equity in its microfinance bank

The Board of Directors of Habib Bank Limited, one of the country’s largest commercial banks, has approved an equity...

Updated 30 Apr, 2024 10:41pm

Business & Finance

JS Bank registers massive 376% jump in profit in 1QCY24

JS Bank Limited (JSBL) posted massive consolidated profit of Rs4.2 billion during the three months ended March 31,...

Updated 26 Apr, 2024 09:31pm

Business & Finance

Bank Alfalah’s profit falls 8% in 1QCY24, clocks in at Rs9.93bn

Despite higher net income, Bank Alfalah saw its profit fall to Rs9.93 billion during the quarter ended March 31,...

Published 24 Apr, 2024 04:31pm

Business & Finance

‘Strong performance’: Standard Chartered explains reason for increase in share price

Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, said on Tuesday that the...

Updated 24 Apr, 2024 10:16pm

Markets

Meezan Bank’s profit up nearly 65% in 1QCY24

Meezan Bank, the country’s largest Islamic bank, posted consolidated earnings of Rs25.54 billion for the first...

Published 18 Apr, 2024 04:48pm

Business & Finance

Enforcement action: SBP imposes over Rs755mn in penalties on 8 banks, 1 EC

The State Bank of Pakistan (SBP) imposed penalties worth Rs775.542 million on 8 banks and one exchange company...

Updated 18 Apr, 2024 09:12pm

Business & Finance

Dhaka-based Bank Asia looks to acquire Bank Alfalah Bangladesh

In PSX notice, Bank Alfalah says it will now seek SBP approval for Bank Asia to commence due diligence on its Bangladesh entity

Updated 17 Apr, 2024 06:14pm

Business & Finance

Higher gains on securities: UBL’s profit up 12% during Jan-March

United Bank Limited (UBL), one of the country’s largest commercial banks, posted consolidated earnings of Rs16.14...

Updated 17 Apr, 2024 02:41pm

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

Business & Finance

Bank of Khyber’s profit shoots to Rs3.5bn, 665% higher YoY in 2023

Bank of Khyber (BoK) saw its earnings skyrocket to Rs3.48 billion in 2023, up nearly 665% from the profit-after-tax...

Published 07 Mar, 2024 03:24pm

Business & Finance

Bank Makramah’s loss increases to Rs5.3bn in 2023

Bank Makramah Limited (BML), formerly known as Summit Bank Limited, posted losses to the tune of Rs5.33 billion in...

Published 04 Mar, 2024 05:00pm

Markets

JS Bank records 853% jump in profit in 2023

JS Bank Limited (JSBL) posted massive earnings of Rs10.39 billion ($36.85 million) in 2023, up over 853% from the...

Published 29 Feb, 2024 02:49pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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pakistan banking sector

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