After SILK, UBL shareholders approve amalgamation plan

13:45
December 9, 2024

December 09, 2024 (MLN): After Silkbank Limited (PSX: SILK), the shareholders of United Bank Limited (PSX: UBL) have approved the share swap arrangement for the bank's amalgamation, under which UBL will issue one new ordinary share for every 325 shares of SILK.

This decision is subject to the approval of the State Bank of Pakistan (SBP) and the Competition Commission of Pakistan.

This decision will result in the issuance of 27,944,188 new shares by UBL.

The shareholders also approved the issuance of 27,944,188 fresh ordinary shares other than the right issue, as approved and recommended by the Board of Directors

This merger will be executed under a share swap arrangement following Section 48 of the Banking Companies Ordinance, 1962.

Copyright Mettis Link News

Posted on: 2024-12-09T13:31:46+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.65000	278.75000	279.05000	278.70000	03:01 PM
2	EUR	1.03193	1.03195	1.03230	1.02786	06:05 AM
3	GBP	1.21950	1.21970	1.22220	1.21656	06:05 AM
4	CHF	0.91327	0.91340	0.91465	0.91210	06:05 AM
5	JPY	156.36400	156.37400	156.40200	155.71200	06:05 AM
6	CAD	1.44666	1.44680	1.44780	1.44440	06:05 AM
7	AUD	0.62003	0.62005	0.62226	0.61940	06:05 AM
8	INR	86.53000	86.54500	86.57630	86.44430	06:04 AM
9	SAR	3.75190	3.75210	3.75210	3.75110	04:05 PM
10	AED	3.67270	3.67330	3.67310	3.67300	04:05 PM
11	HKD	7.78379	7.78404	7.78640	7.78193	06:05 AM
12	CNH	7.32127	7.32156	7.34240	7.31912	06:05 AM
13	CNY	7.31380	7.31480	7.32340	7.31100	04:05 PM
14	THB	34.24900	34.26000	34.51000	34.25000	06:05 AM
15	MYR	4.49050	4.49550	4.50550	4.49490	04:06 AM
16	IDR	16,359.60000	16,401.90000	16,387.40000	16,354.30000	06:05 AM
17	SGD	1.36445	1.36453	1.36765	1.36420	06:05 AM
18	NZD	0.56014	0.56017	0.56224	0.55887	06:05 AM
19	MXN	20.79874	20.80766	20.84194	20.75850	06:05 AM
20	TRY	35.59776	35.60063	35.60164	35.43740	06:05 AM
21	SEK	11.15033	11.15163	11.18154	11.14100	06:05 AM
22	ZAR	18.76325	18.76860	18.77687	18.65859	06:05 AM
23	NOK	11.42509	11.42636	11.43210	11.39330	06:05 AM
24	DKK	7.22955	7.23011	7.25857	7.22785	06:05 AM
25	ARS	1,041.75010	1,041.76010	1,043.78506	1,039.57799	06:05 AM
26	BDT	119.91915	123.41732	119.91915	123.41732	09:00 PM
27	BHD	0.37695	0.37700	0.37697	0.37697	04:04 PM
28	BRL	6.10090	6.10390	6.10750	6.07080	06:03 AM
29	KRW	1,450.49000	1,450.85000	1,457.39000	1,447.77000	06:05 AM
30	KWD	0.30843	0.30863	0.30864	0.30853	04:05 PM
31	LKR	293.43802	300.24001	293.43802	300.24001	09:00 PM
32	OMR	0.38488	0.38498	0.38498	0.38494	04:04 PM
33	QAR	3.64110	3.64910	3.64550	3.64550	04:04 PM
34	RUB	101.74648	101.75520	102.45309	101.70089	06:04 AM
35	AFN	72.48982	74.43325	72.48982	74.43325	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:33 AM
37	TMT	3.36000	3.66000	3.36000	3.65000	07:00 PM
38	MVR	15.26000	15.55000	15.26000	15.54000	07:00 PM
39	UZS	12,950.99649	13,019.01643	12,950.99649	13,019.01643	09:00 PM
40	PHP	58.42900	58.57200	58.56000	58.34600	06:05 AM
42	NGN	1,559.02000	1,560.02000	1,567.00000	1,555.17000	05:09 AM
43	KES	128.50000	130.50000	128.67000	130.25000	05:09 AM
44	AMD	372.36058	430.66339	372.36058	430.66339	09:00 PM
45	TWD	32.77100	32.79100	32.91000	32.73800	06:05 AM
46	XAU	2,709.49000	2,710.10000	2,713.57000	2,689.77000	06:04 AM
47	XAG	30.25920	30.27860	30.43150	30.14480	06:04 AM
48	XPT	939.65430	947.08570	946.98000	940.10000	04:05 PM
49	XPD	945.37060	953.19440	955.00820	947.40250	04:05 PM
2,120	VES	54.83616	54.84959	55.04063	54.80970	06:04 AM
2,212	UGX	3,645.86876	3,733.32297	3,645.86876	3,733.32297	09:00 PM
2,213	TZS	2,522.44100	2,522.47100	2,529.94100	2,515.01500	05:09 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	116,276.42	115,844.817	115,668.08	572.732	0.497	268,341,356.0	22,326,203,459.530	20/01/2025 03:50 PM
ALLSHR	72,198.30	71,942.354	71,778.40	388.422	0.543	674,414,002.0	37,523,572,041.640	20/01/2025 03:50 PM
KSE30	36,649.65	36,476.169	36,416.50	164.802	0.454	141,643,072.0	18,119,317,464.900	20/01/2025 03:50 PM
KMI30	179,277.92	178,114.644	177,823.82	813.658	0.459	159,660,251.0	18,705,511,048.360	20/01/2025 03:50 PM
KMIALLSHR	50,422.39	50,159.052	50,136.01	226.439	0.454	405,642,540.0	31,501,886,338.730	20/01/2025 03:50 PM
BKTi	26,348.52	26,294.363	26,143.42	75.694	0.289	4,654,023.0	950,167,173.830	20/01/2025 03:50 PM
OGTi	29,913.64	29,516.509	29,462.98	-101.610	-0.343	8,332,652.0	2,301,741,518.460	20/01/2025 03:50 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	108,215.0	110,150.0	99,745.0	2,935.00
BRENT CRUDE	EB	80.3	81.2	80.1	-0.45
RICHARDS BAY COAL MONTHLY	EF	98.0	0.0	0.0	-1.55
ROTTERDAM COAL MONTHLY	ET	109.0	0.0	0.0	0.10
USD RBD PALM OLEIN	POL	1,125.0	1,125.0	1,125.0	0.00
CRUDE OIL – WTI	QCL	77.0	77.9	76.8	-0.43
SUGAR #11 WORLD	SB	18.2	18.5	18.0	-0.20