A significant milestone was achieved at UIC House, Karachi, where United Insurance Company of Pakistan Limited (UIC), UBL Ameen, and the Hajj Organizers Association of Pakistan (HOAP) signed a Memorandum of Understanding (MOU) to launch a joint venture for the issuance of guarantees through UBL Ameen under UIC’s arrangement. This agreement marks a breakthrough for […]
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JazzWorld seals record Rs75bn interest rate swap with UBL
JazzWorld has completed Pakistan’s largest interest rate swap (IRS) transaction, securing Rs75 billion in financing with United Bank Ltd (UBL). The deal enables JazzWorld to hedge a significant portion of its debt against interest rate volatility, marking a milestone in the country’s financial markets. Read More: Jazz remains at the forefront of accelerating Pakistan’s digital […]
UBL, Shahzad Trade Link to promote mechanization of agriculture farms
UBL and Shahzad Trade Link (STL) have signed an agreement to promote the mechanization of agriculture farms in Pakistan. Both entities have agreed to ensure the availability of Belarus Tractors to the farmers through subsidized financing rate and quick delivery. The agreement focuses on joint sales promotion to encourage small and medium sized land holders […]
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 […]
PSX Index closes at 35-month low as uncertainty persists
Pakistan equities closed Tuesday bearish with benchmark KSE-100 Index shedding 498 points, closing at 36,404 levels, down 1.3 percent. The local bourse witnessed a dull trading session making a low of -766 points. An equity analyst at IIS Securities said KSE-100 index remained under pressure throughout the session Tuesday due to uncertainty over the International […]
UBL leads digital revolution in Pakistan
As part of the Bank’s Digital Agenda, UBL was the Title Sponsor of the 12th International Mobile Commerce Conference, held at a local hotel in Karachi on 18 April 2019. This half-day conference focused on Digital Transformation and how financial institutions like banks are using digital technology as enabler of digital commerce. Leading local and […]
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 […]
Energy, financial scrips push PSX Index up
Pakistan equities closed Tuesday positive with benchmark KSE-100 Index gaining 208 points, closing at 37,130 levels, up 0.6 percent. The local bourse made a high and a low of +349 and -329 points, respectively. An equity analyst at IIS Securities said the positive sentiment was mainly driven by improved trade numbers for the month of […]
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 […]