Trends - MCB - Business Recorder

MCB

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

Business & Finance

Zargham Khan Durrani appointed as president & CEO of MCB Islamic Bank

LAHORE: Chairman Board of Directors MCB Islamic Bank Ltd., Raza Mansha has announced that Zargham Khan Durrani has...

Published 27 Feb, 2023 06:17am

Business & Finance

MCB Bank posts historic high PBT of Rs71.4bn for 2022

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

Published 09 Feb, 2023 06:02am

Business & Finance

MCB’s profit up 10% in 2022, forex income jumps 149%

MCB Bank Limited posted consolidated earnings of Rs34.451 billion in 2022, up 10% from a year ago, a notice sent to...

Updated 08 Feb, 2023 04:14pm

BR Research

MCB Bank Limited

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

Published 11 Jan, 2023 08:41am

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

Markets

Engro Corp's board recommends buyback of 70mn ordinary shares

Company says buyback will provide opportunity of exit to members who wish to liquidate their investments

Updated 15 Dec, 2022 05:58pm

Bugis sells 65,020,947 ordinary shares to 7 MCB shareholders

KARACHI: Bugis Investments (Mauritius) Pte Ltd, a wholly-owned subsidiary of Fullerton Financial Holdings Pte Ltd ...

Published 13 Dec, 2022 05:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	155.81
USD to Swiss Franc / May 16	0.91
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 16	5297.10
India Sensex / May 16	73663.72
Tokyo Nikkei / May 16	38697.69
Nasdaq / May 16	16698.32
Hang Seng / May 16	19535.72
FTSE 100 / May 16	8438.65
Dow Jones / May 16	39869.38
Germany DAX 30 / May 16	18738.81

Item	Value
Crude Oil USD/Barrel / May 16	79.42
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2377.52
Cotton US¢/pound / May 16	76.26
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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