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VIS updated ratings of Silk Bank

10:15
November 27, 2024

November 27, 2024 (MLN): VIS Credit Rating Company Limited (VIS) has revised the rating of Silk Bank Limited (PSX: SILK) to ‘Developing’ following the approval of a potential merger with United Bank Limited (UBL) on November 6, 2024.

Previously, Silk Bank Limited held entity ratings of 'A-/A2' (Single A Minus/A Two), issued on October 12, 2020.

VIS has stated that the ratings will be reviewed after the merger process is completed.

Silk Bank Limited was incorporated in Pakistan on April 04, 1994, as a Public Limited Company under the Companies Act 2017 (Previously Companies Ordinance 1984).

The bank is engaged in banking services as described in the Banking Ordinance, 1962.

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Posted on: 2024-11-27T10:10:14+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.25000	278.20000	278.15000	03:01 PM
2	EUR	1.04931	1.04933	1.05310	1.04637	01:06 PM
3	GBP	1.26933	1.26936	1.27879	1.26712	01:06 PM
4	CHF	0.88978	0.88990	0.89020	0.88168	01:06 PM
5	JPY	152.41400	152.42200	152.77000	151.80800	01:06 PM
6	CAD	1.41964	1.41968	1.42000	1.41314	01:06 PM
7	AUD	0.63756	0.63765	0.64294	0.63681	01:06 PM
8	INR	84.84580	84.85460	85.05110	84.79310	01:06 PM
9	SAR	3.75700	3.75780	3.75790	3.75680	11:05 PM
10	AED	3.67260	3.67340	3.67300	3.67300	11:00 PM
11	HKD	7.77444	7.77469	7.77640	7.77373	01:06 PM
12	CNH	7.27625	7.27656	7.28432	7.25524	01:06 PM
13	CNY	7.26850	7.27150	7.26960	7.25770	08:31 PM
14	THB	33.95000	33.97000	34.00000	33.75000	01:06 PM
15	MYR	4.43450	4.43950	4.43650	4.43150	04:02 AM
16	IDR	15,958.90000	15,973.40000	15,970.20000	15,934.10000	01:06 PM
17	SGD	1.34611	1.34622	1.34679	1.34185	01:06 PM
18	NZD	0.57790	0.57793	0.58173	0.57714	01:06 PM
19	MXN	20.20154	20.20704	20.21617	20.10193	01:06 PM
20	TRY	34.88752	34.90347	34.89688	34.84710	01:06 PM
21	SEK	10.98904	10.99125	11.01277	10.92747	01:06 PM
22	ZAR	17.76550	17.77080	17.80580	17.61950	01:06 PM
23	NOK	11.13410	11.13789	11.15181	11.08228	01:06 PM
24	DKK	7.10584	7.10658	7.12760	7.08137	01:06 PM
25	ARS	1,018.24020	1,018.25020	1,018.32332	1,016.04565	01:06 PM
26	BDT	117.87293	121.30307	117.87293	121.18328	07:19 AM
27	BHD	0.37700	0.37740	0.37725	0.37687	07:27 PM
28	BRL	6.03200	6.03500	6.04620	5.87359	01:06 PM
29	KRW	1,429.50000	1,431.11000	1,434.74000	1,428.10000	01:06 PM
30	KWD	0.30760	0.30770	0.30782	0.30730	11:05 PM
31	LKR	287.04004	293.70963	287.04004	293.45250	07:19 AM
32	OMR	0.38490	0.38505	0.38498	0.38500	07:33 PM
33	QAR	3.63400	3.65650	3.64500	3.64600	11:00 PM
34	RUB	104.98718	104.99576	105.62521	103.00333	01:06 PM
35	AFN	68.77989	70.68542	68.77989	70.19531	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:35 AM
37	TMT	3.36000	3.66000	3.36000	3.66000	07:00 PM
38	MVR	15.25000	15.55000	15.25000	15.55000	07:00 PM
39	UZS	12,835.14683	12,901.84271	12,835.14683	12,895.12007	07:19 AM
40	PHP	58.22900	58.34500	58.40800	58.22000	01:06 PM
42	NGN	1,548.37000	1,549.37000	1,557.00000	1,532.61000	12:53 PM
43	KES	128.59000	130.59000	128.59000	130.23000	07:19 AM
44	AMD	364.63246	421.79982	394.31000	394.31000	07:19 AM
45	TWD	32.52050	32.55050	32.77900	32.39000	01:06 PM
46	XAU	2,684.88000	2,685.18000	2,725.72000	2,675.65000	01:06 PM
47	XAG	30.97620	30.99430	32.30520	30.90580	01:06 PM
48	XPT	923.85000	934.35000	951.85000	931.65000	11:05 PM
49	XPD	967.75060	975.29730	995.75000	965.75000	11:05 PM
2,120	VES	49.39911	49.41479	50.66502	49.38636	01:05 PM
2,212	UGX	3,616.71923	3,702.46863	3,616.71923	3,700.60154	07:19 AM
2,213	TZS	2,374.98500	2,375.01500	2,374.98500	2,375.01500	05:49 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	114,408.62	114,180.510	111,308.66	3,370.292	3.042	636,222,242.0	51,299,136,252.480	12/12/2024 03:50 PM
ALLSHR	72,140.31	72,012.372	70,579.52	1,816.324	2.588	1,464,452,331.0	67,198,429,984.540	12/12/2024 03:50 PM
KSE30	35,801.76	35,701.347	34,602.22	1,272.104	3.695	233,460,920.0	36,593,021,940.900	12/12/2024 03:50 PM
KMI30	178,871.23	178,069.872	173,435.76	5,690.242	3.301	217,333,857.0	32,395,511,387.630	12/12/2024 03:50 PM
KMIALLSHR	51,088.14	50,924.635	49,935.53	1,365.299	2.755	905,129,823.0	50,760,751,118.640	12/12/2024 03:50 PM
BKTi	25,105.68	24,972.883	24,732.63	74.734	0.300	11,514,551.0	2,069,725,155.490	12/12/2024 03:50 PM
OGTi	30,700.83	30,416.147	29,108.00	1,635.435	5.682	38,214,723.0	11,119,268,039.270	12/12/2024 03:50 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	102,005.0	103,225.0	100,725.0	-145.00
BRENT CRUDE	EB	73.6	74.0	72.4	0.05
RICHARDS BAY COAL MONTHLY	EF	112.0	0.0	0.0	1.60
ROTTERDAM COAL MONTHLY	ET	113.3	113.5	113.3	-0.45
USD RBD PALM OLEIN	POL	1,150.0	1,150.0	1,150.0	0.00
CRUDE OIL – WTI	QCL	70.3	70.7	69.1	-0.04
SUGAR #11 WORLD	SB	20.9	21.4	20.7	-0.40