BoP declares 32.5pc dividend

Posted on 03.01.07 by StockPK Team @ 2:00 pm    

The board of directors of Bank of Punjab in a meeting on Wednesday announced stock dividend of 32.50 per cent for its shareholders for the year 2006 as the bank earned a pre-tax profit of Rs4.8 billion.

In the meeting, audited accounts were presented to the board, which approved it. The accounts revealed that the bank earned 51 per cent higher profit in 2006 compared to 2005.

It recorded after-tax profit of Rs3.8 billion, which was 62 per cent higher than 2005. Similarly, earning per share was Rs13.14 against Rs8.13 recorded a year earlier.

KSE body formed to resolve issues with SECP

Posted on 03.01.07 by StockPK Team @ 12:36 pm    

Karachi Stock Exchange members have constituted a committee comprising the members of KSE Board of Directors and some senior brokers at a meeting held here on Wednesday to take up anomalies and pending issues with SECP.

The committee would look into anomalies in the scheduled implementation of revised Client Level Netting (CLN) on March 05 and to resolve other pending issues with SECP like urging KSE members to provide their clients’ transaction data for a period of January-July 2006 by March 09, which the have denied to do so.