Bank of Punjab Gains in Karachi After Report Court Orders Return of Assets
Bank of Punjab Ltd., Pakistan’s biggest regional financial-services company, rose the most in six months in Karachi trading after a report the country’s top court ordered the property of the lender to be returned.
The shares rose as much as 6.3 percent and traded at 16.88 rupees as of 10 a.m. local time. The Supreme Court ordered the family of Shaikh Afzal, the main accused in a fraud case, to return the bank’s property within three days, the newspaper said, citing a court order.
To contact the reporter on this story: Farhan Sharif in Karachi at firstname.lastname@example.org