Silk Bank shareholders approve amalgamation with UBL

15:00
December 6, 2024
MG

December 06, 2024 (MLN): The shareholders of Silkbank Limited (PSX: SILK) have approved a share swap arrangement for the bank’s amalgamation with United Bank Limited (PSX: UBL), 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.

The decision, made during the bank’s 206th Board meeting on December 04, 2024, will result in the issuance of 27,944,188 new shares by UBL.

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: 2024-12-06T14:47:04+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.95000	279.05000	278.95000	278.75000	01:00 PM
2	EUR	1.05010	1.05040	1.05020	1.05040	11:17 AM
3	GBP	1.24830	1.24850	1.24830	1.24810	11:17 AM
4	CHF	0.90528	0.90576	0.90570	0.90576	11:30 AM
5	JPY	155.98000	156.01000	156.10000	156.01000	11:17 AM
6	CAD	1.43430	1.46326	1.43430	1.46326	11:17 AM
7	AUD	0.63140	0.63180	0.63140	0.63160	11:17 AM
8	INR	86.20300	86.21800	86.20300	86.21800	05:16 AM
9	SAR	3.74990	3.75040	3.74990	3.75040	03:32 AM
10	AED	3.67280	3.67310	0.00000	0.00000	02:57 AM
11	HKD	7.78760	7.78770	7.78770	7.78770	11:17 AM
12	CNH	7.24300	7.24500	7.24300	7.24500	05:16 AM
13	CNY	7.24400	7.24650	0.00000	0.00000	08:48 PM
14	THB	33.56400	33.61400	33.56400	33.61400	05:16 AM
15	MYR	4.37500	4.38000	4.44210	4.37000	07:00 PM
16	IDR	16,164.90000	16,176.00000	16,164.90000	16,176.00000	03:17 AM
17	SGD	1.34560	1.34660	1.34560	1.34650	11:17 AM
18	NZD	0.50779	0.59883	0.57090	0.57140	10:00 AM
19	MXN	20.25990	20.28990	20.26000	20.28990	11:17 AM
20	TRY	35.62950	35.63350	35.62950	35.63350	05:16 AM
21	SEK	10.91990	10.92890	10.91990	10.92890	11:17 AM
22	ZAR	18.39335	18.42303	18.39335	18.42303	11:17 AM
23	NOK	11.19170	11.19770	11.19170	11.19770	11:17 AM
24	DKK	7.11040	7.11140	7.11040	7.11140	10:00 AM
25	ARS	1,045.29466	1,045.30322	1,046.24550	1,045.13274	11:30 AM
26	BDT	120.01333	123.44010	120.01333	123.44010	05:16 AM
27	BHD	0.37684	0.37709	0.00000	0.00000	02:59 AM
28	BRL	5.90910	5.91728	5.90910	5.91728	03:17 AM
29	KRW	1,427.63000	1,431.63000	1,428.43000	1,430.63000	05:16 AM
30	KWD	0.30769	0.30829	0.00000	0.00000	02:59 AM
31	LKR	294.36962	301.03279	294.36962	301.03279	05:16 AM
32	OMR	0.38478	0.38504	0.00000	0.00000	02:59 AM
33	QAR	3.64530	3.64630	0.00000	0.00000	02:59 AM
34	RUB	97.70701	97.71558	97.70701	97.71558	11:31 AM
35	AFN	74.62758	76.53134	74.62758	76.53134	05:16 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:17 AM
37	TMT	3.36000	3.66000	3.36000	3.65000	07:00 PM
38	MVR	15.26000	15.56000	15.26000	15.55000	07:00 PM
39	UZS	12,911.33216	12,977.96392	12,911.33216	12,977.96392	05:16 AM
40	PHP	58.16500	58.33500	58.68000	58.24300	07:00 PM
42	NGN	1,557.50000	1,558.50000	1,558.01000	1,535.50000	07:00 PM
43	KES	127.68550	130.54115	127.68550	130.54115	05:16 AM
44	AMD	371.99562	429.10856	371.99562	429.10856	05:16 AM
45	TWD	32.73330	32.76330	32.73330	32.76330	03:17 AM
46	XAU	2,770.96000	2,772.50000	2,770.96000	2,772.50000	08:52 AM
47	XAG	30.57220	30.71180	30.57220	30.71180	08:52 AM
48	XPT	948.90000	956.40000	948.95000	956.40000	02:50 AM
49	XPD	988.00000	998.00000	0.00000	0.00000	02:49 AM
2,120	VES	56.57454	56.58636	56.57454	56.58636	11:30 AM
2,212	UGX	3,639.04621	3,724.71563	3,639.04621	3,724.71563	05:16 AM
2,213	TZS	2,494.69326	2,589.88149	2,494.69326	2,589.88149	05:16 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	115,779.06	114,880.489	114,383.17	842.699	0.739	280,356,255.0	22,573,761,920.670	24/01/2025 04:50 PM
ALLSHR	71,472.61	70,922.956	70,908.51	247.397	0.350	631,415,626.0	37,790,229,351.960	24/01/2025 04:50 PM
KSE30	36,438.22	36,124.975	35,914.53	330.623	0.924	142,188,126.0	19,344,760,027.910	24/01/2025 04:50 PM
KMI30	176,287.42	174,312.083	173,992.07	825.218	0.476	163,366,065.0	16,756,702,929.370	24/01/2025 04:50 PM
KMIALLSHR	49,522.47	49,037.887	49,053.66	38.353	0.078	444,281,885.0	30,091,808,608.520	24/01/2025 04:50 PM
BKTi	26,302.76	26,216.982	26,055.60	185.852	0.714	5,299,701.0	1,053,190,640.690	24/01/2025 04:50 PM
OGTi	27,947.98	27,460.265	27,403.88	-250.250	-0.903	6,106,834.0	1,904,574,763.160	24/01/2025 04:50 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	105,480.0	107,485.0	102,860.0	2,065.00
BRENT CRUDE	EB	78.4	79.0	77.6	0.14
RICHARDS BAY COAL MONTHLY	EF	98.0	0.0	0.0	-1.00
ROTTERDAM COAL MONTHLY	ET	109.5	0.0	0.0	0.40
USD RBD PALM OLEIN	POL	1,031.5	1,031.5	1,031.5	0.00
CRUDE OIL – WTI	QCL	74.6	75.2	74.0	-0.02
SUGAR #11 WORLD	SB	19.1	19.2	18.6	0.38