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Foreign Corporate Sold 53.8 Million Shares of MCB

Foreign Corporate Sold 53.8 Million Shares of MCB Bank

admin-augaf by admin-augaf
December 9, 2022
in Business, Finance
Reading Time: 1 min read
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Foreign Corporate Sold 53.8 Million Shares of MCB Bank

Foreign Corporate Sold 53.8 Million Shares of MCB Bank

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Karachi December 9 2022: Foreign Corporates sold 53.88 million shares of MCB Bank Limited (MCB) at a price of PKR 115 with total worth of USD 27.5 million in today’s trading at Pakistan Stock Exchange.

On the counter side 37.9 million shares were bought by Overseas Pakistanis while individuals bought 15.9 million shares.

Foreign companies held 63.5 million shares or 5.35 percent stake of MCB Bank at the end of December 2021, according to Bank Statement.


Overall, foreigners sold USD 8.36 million worth shares in today’s trading while individuals bought shares worth USD 7.35 million.

admin-augaf

admin-augaf

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