BAHL board approves Rs2bn capital boost for exchange company

News Image

MG News | August 08, 2024 at 02:43 PM GMT+05:00

0:00

August 08, 2024 (MLN): The Board of Directors of Bank AL Habib Limited (PSX: BAHL) approved an increase in the authorized and paid-up capital of its wholly-owned subsidiary, AL Habib Exchange Company (Private) Limited, from the existing Rs1 billion to Rs3bn.

According to a notice issued by the bank on PSX today, the decision was made by the board in its meeting held on August 7, 2024.

To recall, the exchange company commenced operations on March 26, 2024, after the bank secured the license for operation from the State Bank of Pakistan (SBP).

The announcement of its establishment was made on September 22, 2023, with an authorized share capital of Rs1bn.

Now, capital enhancement is being undertaken to ensure smooth current operations and to consider future expansion plans.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 163,806.22
500.44M
-0.39%
-638.50
ALLSHR 99,845.79
1,977.49M
-0.42%
-417.42
KSE30 50,123.85
153.24M
-0.68%
-343.31
KMI30 238,530.50
71.49M
-0.36%
-850.63
KMIALLSHR 65,898.10
543.80M
-0.37%
-245.35
BKTi 46,380.96
92.15M
-0.49%
-229.01
OGTi 31,857.40
12.33M
-1.20%
-387.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,220.00 109,470.00
103,745.00
-1225.00
-1.13%
BRENT CRUDE 61.34 61.47
60.14
0.28
0.46%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 93.20 93.50
93.20
0.05
0.05%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.25 57.32
56.15
0.26
0.46%
SUGAR #11 WORLD 15.53 15.88
15.45
-0.27
-1.71%

Chart of the Day


Latest News
October 19, 2025 at 10:12 AM GMT+05:00

DCO to expand footprint in Pakistan


October 19, 2025 at 10:03 AM GMT+05:00

Weekly Market Roundup


October 18, 2025 at 01:59 PM GMT+05:00

SBP Revokes License of Exchange Company


October 18, 2025 at 01:36 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg