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silkbank

UBL submits merger offer to Silkbank

Proposes share swap for amalgamation

Updated 01 Nov, 2024 11:01pm

Business & Finance

Silkbank reaffirms collaboration with Xpert Digital & Temenos

KARACHI: Silkbank, a prominent bank in Pakistan, reaffirmed its strategic relationship with Xpert Digital (XD), a...

Published 11 Jun, 2024 03:17am

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

UBL proposal: BoD asks Silkbank to pursue potential merger

KARACHI: The Board of Directors of Silkbank Limited has reviewed and considered the UBL proposal and granted its...

Updated 03 May, 2023 08:47am

Business & Finance

Silkbank to formally pursue potential merger with UBL

The Board of Directors (BoD) at Silkbank Limited has given its go-ahead to the management to formally pursue the...

Updated 02 May, 2023 04:22pm

Business & Finance

In-principle: PHFC interested in injecting Rs12bn equity investment into Silkbank

KARACHI: M/s Pakistan Housing Finance Company (PHFC), a subsidiary of M/s Lake City Limited has expressed its...

Published 20 Apr, 2023 06:30am

Business & Finance

Silkbank says International Commercial Bank South Sudan plans to invest €50mn in it

The International Commercial Bank South Sudan (ICB) has expressed its intention to invest up to 50 million euros...

Updated 06 Apr, 2023 04:26pm

Business & Finance

Silkbank continues its growth momentum

KARACHI: Silkbank continues its upward trajectory in its flagship consumer segment along with healthy growth on...

Published 13 Mar, 2023 06:15am

Pakistan

Javed Yousuf Edhi appointed as NIFT chief

KARACHI: The Board of Directors of National Institutional Facilitation Technologies (NIFT) appointed Javed Yousuf...

Published 30 Dec, 2022 05:50am

Business & Finance

Silkbank consumer banking to continue momentum

KARACHI: This is with reference to the Public Announcement of Intention (PAI) issued by M/s Park View Enclave (Pvt)...

Published 09 Nov, 2022 03:41am

Business & Finance

Silkbank, PSO sign agreement

KARACHI: Silkbank with a leading stake in the credit card market has entered into an agreement with PSO to ...

Published 12 Sep, 2022 06:01am

Business & Finance

Silkbank attains leadership position in credit card market

KARACHI: Silkbank credit cards are the most innovative credit cards in the market with unique offers. Silkbank has...

Published 05 Sep, 2022 06:04am

Business & Finance

Silkbank and TPL Insurance launch All-in One Current Account

KARACHI: As part of providing tailored solutions and unique value added features for our customers, Silkbank has...

Published 05 Jul, 2022 05:19am

Business & Finance

Silkbank to receive Rs12bn equity to consolidate its financial health

KARACHI: Backed by the significant announcement by Silkbank Limited of an Expression of Interest from M/s. Park View...

Published 10 Jun, 2022 07:00am

Markets

Park View Enclave intends to acquire majority shares of Silkbank

Park View Enclave (Private) Limited, a company involved in the property business, has expressed its intention to...

Published 31 May, 2022 03:51pm

Pakistan

Digital library membership: Silkbank, British Council join hands

KARACHI: Silkbank Limited, with its substantial market share in the credit cards segment, has partnered with the...

Published 12 Jan, 2022 04:25am

Pakistan

Silkbank partners with STARZPLAY by Cinepax

KARACHI: Silkbank Limited, with its substantial market share in the credit cards segment, has partnered with...

Published 15 Dec, 2021 06:34am

Business & Finance

Silkbank partners with OLX Mall

KARACHI: Silkbank Limited, with its substantial market share in the credit cards segment, has partnered with OLX...

Published 08 Dec, 2021 06:22am

Business & Finance

Silkbank partners with Silverlake

KARACHI: Silkbank, one of the fastest credit card issuers in Pakistan has partnered with Silverlake, a technology...

Published 08 Oct, 2021 04:30am

Leading banks interested in acquiring Silkbank’s consumer accounts portfolio

KARACHI: Two leading banks have shown interest in acquiring Silkbank’s consumer accounts portfolio. According to...

Updated 05 May, 2021 10:36am

Business & Finance

After HBL, Bank Alfalah shows interest in Silkbank's consumer portfolio

“In this regard the bank has approach Silk Bank to provide its concurrence to enable the bank to apply to SBP for its approval to conduct due diligence of the Silkbank Consumer Finance Portfolio,” it added.

Published 26 Apr, 2021 11:15am

Opinion

Tarin versus Sheikh

The appointment of Shaukat Tarin as federal finance minister is generating considerable controversy particularly in...

Published 26 Apr, 2021 03:29am

Markets

PSX ends on negative note: BRIndex100 endures bears

KARACHI: Pakistan Stock Exchange on Thursday witnessed mixed trend however closed on negative note due to selling by...

Published 29 Jan, 2021 04:55am

Business & Finance

Fauji Foundation eyes to acquire majority stake of Silkbank

The bank informed that as part of the process Silkbank has been requested to allow Fauji Foundation to conduct due diligence of the bank and in this regard, Fauji Foundation intends to apply to the State Bank of Pakistan for the requisite approval of the same.

Published 28 Jan, 2021 01:45pm

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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