's other income grew by 21pc to Rs2.5bn, wherein fee and commission income and foreign income soared 34pc and 57pc, respectively.
Bank wise data indicate that Bank Al-Habib (BAHL) and Meezan Bank (MEBL
) remain well covered with coverage ratio of 143 percent and 116 percent respectively.
Variable Mean PNPF_TO_TDETS_ Difference t-value p-value NIB PNPF_TO_TDETS_ -0.6988797 -0.4666743 -0.2322053 -0.5452 0.5988 MEBL
In the study reported here, we have evaluated the glucose-lowering effect of a methanol extract of the aerial parts of Barleria lupulina (MEBL
) in streptozotocin hyperglycemic rats, to establish pharmacological evidence in support of the folkloric claim of anti-diabetic activity.
The result season is also expected to attract investors' attention in select scrips where FCCL, FATIMA, INDU, NBP, MEBL
, BAFL and MARI are schedule to announce their results during the week.
The list of Pakistani corporations attending the conference is United Bank Limited (UBL), MCB Bank Limited (MCB), Engro Corporation (ENGRO), Hub Power Company Limited (HUBC), DG Khan Cement (DGKC), AGP Limited (AGP), JS Bank (JSBL), Fauji Fertilizer Bin Qasim (FFBL), Fauji Foods Limited (FFL), Meezan Bank (MEBL
) amongst others.
earns Rs5.6bn: Meezan Bank Ltd (MEBL
) on Wednesday announced that its consolidated profit fell 9pc year-on-year to Rs5.62bn (EPS: Rs5.29) in 2017.
Kuwait's Noor Financial Investment Company has said the proposed sale of its stake in Karachi-based Meezan Bank (KSE: MEBL
) had been blocked by Pakistan's central bank, as the prospective buyer had not met its standards for suitability, reports Reuters.
Likely beneficiary of higher demand could be the Islamic Banks (MEBL
enjoys 38.6% share amongst total agri financing of IBs) where the two-pronged impact bearing of absence of appropriate investment instruments in tandem with slower financing demand will impact fund deployment strategy.
Stocks that contributed negatively include NESTLE (-24pts), MEBL
(-6pts), PSMC (-3pts), THALL (-3pts) and SML (-2pts)
Meezan Bank Limited (MEBL
+0.97pc) released its financial performance for the first quarter of FY19.
HSBC Bank Middle East Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005), has confirmed that it is in discussions with Pakistan's Meezan Bank Limited (KSE: MEBL
) regarding the possible sale of HSBC's operations in Pakistan.