Silkbank considers UBL’s proposal of potential merger

10:00
May 2, 2023

May 02, 2023 (MLN): The Board of Directors (BoD) of Silkbank Limited (PSX: SILK) has reviewed and considered the proposal of United Bank Limited (UBL) pertaining to the merger of two banks, the company's filing on PSX revealed today.

The BoD also granted its approval to the management of the Bank to formally pursue the potential merger and take the required steps.

The steps include but are not limited to seeking permission from the State Bank of Pakistan (SBP) for allowing due diligence of the bank and to enter into discussions with UBL, to finalize the terms and conditions/documentation for placing before the board, for its consideration and approval, if considered appropriate.

The potential merger remained subjected to internal and regulatory approvals and appropriate disclosures, in accordance with the applicable laws, rules, and regulations.

Copyright Mettis Link News

Posted on: 2023-05-02T09:37:52+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.45000	278.65000	278.65000	278.45000	01:13 PM
2	EUR	1.08890	1.08920	1.08920	1.08890	05:51 AM
3	GBP	1.27070	1.27090	1.27090	1.27070	05:51 AM
4	CHF	0.91168	0.91216	0.91216	0.91168	09:09 AM
5	JPY	155.66000	155.69000	155.69000	155.66000	05:51 AM
6	CAD	1.36100	1.36150	1.36150	1.36100	05:51 AM
7	AUD	0.66990	0.67030	0.67030	0.66990	05:51 AM
8	INR	83.29860	83.29910	83.29910	83.29860	08:00 PM
9	SAR	3.75030	3.75050	3.75050	3.75030	04:59 PM
10	AED	3.67290	3.67320	3.67320	3.67290	01:59 AM
11	HKD	7.80230	7.80300	7.80300	7.80230	05:51 AM
12	CNH	7.23070	7.23270	7.23270	7.23070	08:00 PM
13	CNY	7.22340	7.22520	7.22520	7.22340	11:48 PM
14	THB	36.29500	36.34500	36.34500	36.29500	08:00 PM
15	MYR	4.68500	4.69000	4.69000	4.68500	08:00 PM
16	IDR	15,920.30000	16,008.70000	16,008.70000	15,920.30000	05:18 AM
17	SGD	1.34550	1.34650	1.34650	1.34550	05:51 AM
18	NZD	0.61320	0.61370	0.61370	0.61320	05:21 AM
19	MXN	16.59460	16.62260	16.62260	16.59460	05:51 AM
20	TRY	32.24140	32.24540	32.24540	32.24140	08:00 PM
21	SEK	10.46910	10.96490	10.96485	10.46912	05:51 AM
22	ZAR	18.15820	18.50030	18.50031	18.15821	05:51 AM
23	NOK	10.57670	10.90460	10.90459	10.57671	05:51 AM
24	DKK	6.86410	6.86510	6.86510	6.86410	05:21 AM
25	ARS	881.53000	881.67700	881.67684	881.52999	09:09 AM
26	BDT	114.83600	118.14100	118.14052	114.83640	08:00 PM
27	BHD	0.37695	0.37700	0.37700	0.37695	09:32 PM
28	BRL	5.10270	5.10650	5.10650	5.10270	05:18 AM
29	KRW	1,353.49000	1,355.29000	1,355.29000	1,353.49000	05:18 AM
30	KWD	0.30696	0.30756	0.30756	0.30696	07:54 PM
31	LKR	294.92900	301.35400	301.35368	294.92901	08:00 PM
32	OMR	0.38471	0.38521	0.38521	0.38471	01:57 AM
33	QAR	3.64400	3.64700	3.64700	3.64400	01:59 AM
34	RUB	90.87000	90.91000	90.91000	90.87000	08:00 PM
35	AFN	70.56120	72.39690	72.39686	70.56124	08:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:12 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	12,620.80000	12,685.10000	12,685.05346	12,620.80676	08:00 PM
40	PHP	57.65700	58.04300	58.04300	57.65700	08:00 PM
42	NGN	1,469.50000	1,470.50000	1,470.50000	1,469.50000	08:00 PM
43	KES	128.43800	131.19200	131.19178	128.43835	08:00 PM
44	AMD	358.49700	413.56500	413.56523	358.49663	08:00 PM
45	TWD	32.16480	32.19480	32.19480	32.16480	05:18 AM
46	XAU	2,413.06000	2,414.81000	2,414.81000	2,413.06000	05:19 AM
47	XAG	31.39720	31.46080	31.46080	31.39720	05:19 AM
48	XPT	1,080.80000	1,089.80000	1,089.80000	1,080.80000	02:00 AM
49	XPD	1,008.57000	1,014.22000	1,014.22000	1,008.57000	02:00 AM
2,120	VES	36.53490	36.62660	36.62656	36.53493	08:00 PM
2,212	UGX	3,708.87000	3,791.47000	3,791.47354	3,708.87063	08:00 PM
2,213	TZS	2,535.54000	2,627.32000	2,627.32321	2,535.54220	08:00 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	75,401.12	75,342.346	74,947.71	411.647	0.549	188,724,737.0	10,794,119,010.980	17/05/2024 05:12 PM
ALLSHR	48,807.14	48,769.459	48,569.78	232.516	0.479	496,551,417.0	17,628,388,996.920	17/05/2024 05:12 PM
KSE30	24,250.19	24,214.289	24,115.01	68.600	0.284	83,749,804.0	7,299,349,871.180	17/05/2024 05:12 PM
KMI30	124,499.58	124,073.598	123,588.39	577.661	0.468	115,584,298.0	6,628,115,990.660	17/05/2024 05:12 PM
KMIALLSHR	34,853.66	34,803.012	34,601.31	229.583	0.664	301,521,687.0	13,083,340,734.470	17/05/2024 05:12 PM
BKTi	18,640.08	18,555.775	18,385.35	-28.304	-0.152	10,145,516.0	1,626,001,821.630	17/05/2024 05:12 PM
OGTi	17,931.76	17,849.852	17,747.27	38.860	0.218	7,146,222.0	1,031,531,203.480	17/05/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	67,260.0	67,865.0	65,345.0	1,815.00
BRENT CRUDE	EB	84.0	84.0	83.1	0.73
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-4.60
ROTTERDAM COAL MONTHLY	ET	105.0	106.5	105.0	-1.45
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	78.2	80.0	78.1	-1.06
SUGAR #11 WORLD	SB	18.1	18.5	18.1	-0.23

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