PakStox Outlook

For the latest quarter ending December 2024, MCB posted a profit of Rs. 7.7 per share and paid a cash dividend of Rs. 9 per share. The PAT of MCB for the year 2024 decreased by 3% compared to the previous year, mainly due to higher operating expenses. The tax rate was slightly lower than last year's rate of 52%. In the last four quarters, MCB earned a total net income of Rs. 48.6 per share, while the total cash distribution during the same period was Rs. 36 per share. PAT for the trailing twelve months decreased by 10% compared to the prior quarter. The current market price is 4% higher than its 6-week low. The average daily traded shares volume over the week is 46% higher than the average daily traded shares volume over the last six weeks. MCB has lagged behind the KSE100 by 4% over the past 3 months. Over the past 1 year, MCB has lagged behind the KSE100 by 22%. MCB is trading at a market price of Rs. 278.8 – its Price-to-Earnings (P/E) Ratio is 6, and its dividend yield is 12.9%...