MCB Islamic Bank Limited has appointed Mr. Hammad Khalid as its new President and Chief Executive Officer. The Board of Directors of MCB Islamic Bank has approved Mr. Khalid’s appointment in line with its strategic vision and governance framework. His appointment reflects the Bank’s commitment to strengthening leadership and driving sustainable growth in an evolving […]
MCB
Shoaib Mumtaz becomes MCB’s CEO
Shoaib Mumtaz has taken over as the acting president and CEO of the Muslim Commercial Bank (MCB), according to a press release of the bank. The bank had appointed him earlier this month. He assumed charge of his office on the completion of Imran Maqbool’s tenure. Shoaib Mumtaz has been linked with the MCB since […]
Assignment of AM1 Rating (Highest Asset Manager Rating) to MCBAH by PACRA
MCB Arif Habib Savings & Investments Limited (MCBAH), an Asset Management Company has achieved the highest asset manager rating of AM1, which bespeaks of its excellent management and quality standards in the industry. This is a huge recognition for MCBAH which has a track record of nearly 20 years of delivering excellent services to its […]
KSE-100 sheds 147 points in directionless trading session
The stock market remained range-bound and directionless throughout the trading session on Thursday. The KSE-100 index fell by 147.39 points or 0.42 percent and closed at 34,887.64 points. An equity analyst at Next Securities said news reports that Pak-IMF deal may be announced on Friday also failed to excite investors, given the tough terms that […]
MCB partners with World Remit for digital money transfers to Pakistan
Leading digital money transfer service World Remit has joined forces with Muslim Commercial Bank (MCB) for digital money transfers to Pakistan. Using the World Remit app or website, Pakistanis living in over 50 countries including the UK, the United States and Canada, can now send money home instantly to over 1,400 MCB branches across urban […]
PSX lands in red as KSE-Index sheds 629 points
Pakistan equities closed Wednesday on a negative note with benchmark KSE-100 Index shedding 629 points, closing at 36,752 levels, down 1.7 percent. The local bourse made a high and a low of +37 & -690 points, respectively. Market came under pressure on the lack of clarity on the economic front. Moreover, banking sector led the […]
Stocks in Pakistan recover as trade figures improve
The benchmark KSE-100 Index on Thursday gained 208 points or 0.6 percent, to close at 36,788 levels. The local bourse made a high and a low of +331 & -80 points, respectively. Market came under duress due to selling pressure by the local institutions. The KSE-100 remained positive through most of the session as trade […]
Banks’ scrips keep PSX Index volatile
Pakistan equities closed Wednesday slightly negative from the previous close with benchmark KSE-100 Index shedding merely 13 points, closing at 38,023 levels. Commercial banks mainly Habib Bank Limited (HBL) losing 1.6 percent contributed the most to the index loss today after its forced exit from Afghanistan. The local bourse made a high and a low […]
Pakistan stocks remain under selling pressure, shed 319 points
Pakistan equities closed further negative on Tuesday as the benchmark KSE-100 Index shed another 319 points, closing at 38,036 levels, down by 0.8 percent from the previous day’s close. Consumer Price Index (CPI) inflation for March-2019 settled at 9.41 percent year-on-year (YoY), depicting a surge of 120bps from the preceding month on back of surge […]