MPS Preview: High for Longer

PACRA assigns Initial Instrument Rating to Askari Bank Ltd

08:07
December 7, 2018
MG

December 07, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has assigned Initial Instrument Rating to Askari Bank Limited | TFC VI (Additional Tier I) at ‘AA-’ for long-term, with a stable outlook forecast.

According to the credit rating agency, the rating reflects relative positioning of the Bank, driven by AKBL's strong ownership structure whereby Fauji Foundation Group – an established business conglomerate with strong financial muscle – holds majority stake.

The management of the bank is eyeing CPEC as an opportunity to capitalize and build its business through its dedicated China Desk and Representative Office in China. This would be supported by extending outreach and on-going focus on generating non-funded income and mobilizing low-cost deposits.

The ratings are dependent upon continuous improvement in asset quality, whereas, effective management of spreads remains important. Meanwhile, notable improvement in CAR is crucial

Copyright Mettis Link News

Posted on: 2018-12-07T13:07:00+05:00

24674

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.30000	278.50000	278.50000	278.30000	03:02 PM
2	EUR	1.06674	1.06677	1.06677	1.06674	07:43 AM
3	GBP	1.23810	1.23830	1.23830	1.23810	07:43 AM
4	CHF	0.91154	0.91170	0.91170	0.91154	07:43 AM
5	JPY	154.76900	154.77900	154.77900	154.76900	07:43 AM
6	CAD	1.37100	1.37150	1.37150	1.37100	07:43 AM
7	AUD	0.64520	0.64524	0.64524	0.64520	07:43 AM
8	INR	83.34180	83.34530	83.34530	83.34180	07:43 AM
9	SAR	3.75060	3.75090	3.75090	3.75060	04:43 PM
10	AED	3.67260	3.67280	3.67280	3.67260	04:42 PM
11	HKD	7.83567	7.83592	7.83592	7.83567	07:43 AM
12	CNH	7.26616	7.26624	7.26624	7.26616	07:43 AM
13	CNY	7.24300	7.24400	7.24400	7.24300	11:17 PM
14	THB	37.03400	37.05700	37.05700	37.03400	07:43 AM
15	MYR	4.77750	4.78250	4.78250	4.77750	05:42 AM
16	IDR	16,206.50000	16,211.70000	16,211.70000	16,206.50000	07:43 AM
17	SGD	1.36276	1.36285	1.36285	1.36276	07:43 AM
18	NZD	0.59106	0.59111	0.59111	0.59106	07:43 AM
19	MXN	17.12080	17.12580	17.12575	17.12075	07:43 AM
20	TRY	32.57910	32.58910	32.58910	32.57910	07:43 AM
21	SEK	10.88010	10.88160	10.88163	10.88010	07:43 AM
22	ZAR	19.24490	19.24970	19.24970	19.24490	07:43 AM
23	NOK	11.00430	11.00650	11.00654	11.00429	07:43 AM
24	DKK	6.99370	6.99425	6.99425	6.99370	07:43 AM
25	ARS	872.26900	872.27900	872.27950	872.26950	07:43 AM
26	BDT	107.93300	111.30800	111.30797	107.93329	07:19 AM
27	BHD	0.37698	0.37705	0.37705	0.37698	04:43 PM
28	BRL	5.16600	5.16942	5.16942	5.16600	07:41 AM
29	KRW	1,378.48000	1,378.95000	1,378.95000	1,378.48000	07:43 AM
30	KWD	0.30807	0.30817	0.30817	0.30807	04:43 PM
31	LKR	296.61500	303.17700	303.17688	296.61502	07:19 AM
32	OMR	0.38499	0.38503	0.38503	0.38499	04:43 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	04:43 PM
34	RUB	93.02000	93.04000	93.04000	93.02000	08:00 PM
35	AFN	71.19560	73.07040	73.07036	71.19556	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:38 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,663.50000	12,729.10000	12,729.07937	12,663.46073	07:19 AM
40	PHP	57.55200	57.57700	57.57700	57.55200	07:43 AM
42	NGN	1,233.95000	1,234.95000	1,234.95000	1,233.95000	07:19 AM
43	KES	133.50000	135.50000	135.50000	133.50000	06:47 AM
44	AMD	362.86800	419.11200	419.11172	362.86770	07:19 AM
45	TWD	32.58100	32.61100	32.61100	32.58100	07:43 AM
46	XAU	2,301.86000	2,302.26000	2,302.26000	2,301.86000	07:43 AM
47	XAG	26.93420	26.94080	26.94080	26.93420	07:43 AM
48	XPT	908.50000	910.00000	910.00000	908.50000	04:43 PM
49	XPD	998.75000	1,003.75000	1,003.75000	998.75000	04:43 PM
2,120	VES	36.26120	36.34220	36.34216	36.26125	08:00 PM
2,212	UGX	3,769.29000	3,853.65000	3,853.65305	3,769.28701	07:19 AM
2,213	TZS	2,594.99000	2,595.01000	2,595.01500	2,594.98500	07:16 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	71,846.64	71,359.405	71,338.43	-74.056	-0.104	383,445,458.0	14,889,881,592.600	23/04/2024 04:13 PM
ALLSHR	47,130.64	46,865.873	46,836.87	-98.781	-0.210	652,962,508.0	24,431,501,771.190	23/04/2024 04:13 PM
KSE30	23,685.35	23,566.856	23,534.69	0.501	0.002	105,787,553.0	9,001,534,258.600	23/04/2024 04:13 PM
KMI30	120,645.96	119,675.932	119,552.66	77.916	0.065	170,342,506.0	8,837,506,407.860	23/04/2024 04:13 PM
KMIALLSHR	33,523.95	33,318.567	33,318.59	-47.008	-0.141	508,418,986.0	19,702,328,669.270	23/04/2024 04:13 PM
BKTi	17,962.81	17,852.482	17,760.93	-63.214	-0.353	24,348,778.0	2,523,701,350.410	23/04/2024 04:13 PM
OGTi	17,099.54	16,869.074	16,809.71	-50.514	-0.299	6,409,607.0	961,700,948.010	23/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	66,060.0	67,340.0	65,975.0	-550.00
BRENT CRUDE	EB	86.6	88.2	86.6	-0.44
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-3.00
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	1.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	81.4	83.0	81.4	-0.47
SUGAR #11 WORLD	SB	19.7	19.8	19.6	0.12

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