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Foundation Securities
Askari Bank Limited ( ) is a Pakistani commercial and retail bank headquartered in Islamabad. It is a subsidiary of Fauji Fertilizer Company, which is part of Fauji Foundation. History Askari Bank was founded in October 1991 as Askari Commercial Bank and a year later it was listed on the Karachi Stock Exchange. In November 2006, Askari Bank established a wholly-owned asset management firm named Askari Investment Management Limited. In June 2013, Askari Bank was acquired by Fauji Foundation from Army Welfare Trust. In January 2017, Askari Bank sold its subsidiary Askari Investment Management to Pak Oman Asset Management for . In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary. Branches Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain. See also *List of banks in Pakistan The following list contains all the notable banks in Pakistan. State Bank of Pakistan is the Central ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KSE 100 Index
The KSE-100 Index is a total return stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period. In determining representative companies to compute the index on, companies with the highest market capitalization are selected. However, to ensure full market representation, the company with the highest market capitalization from each sector is also included. History KSE 100 Index was launched in November 1991 with a base of 1,000 points. In November 1994, Baring Securities London recomposed the index and established rules for its recomposition. Steady growth In 2001, the Karachi Stock Exchange (KSE) became the highest-performing stock market globally, supported by macroeconomic policies that increased foreign exchange reserves above five billion dollars and strengthened the rupee. Daily trading volumes reached approximately 200 million shares. The market's positive trajectory was temporarily affected by military tensions following ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies In The KSE 100 Index
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |