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Analyst Opinion
AKBL - Askari Bank Ltd.
AKBL Islamic Conversion Case & Valuation
Ahsan Muhammad Asif    11/8/2026 4:32:41 PM
FFC is the main shareholder with ~64% stakes in AKBL - AKBL has continued to gain traction in Islamic banking as it was also the desire by main shareholder FFC. Deposit growth in banking industry - Islamic deposits now account for 22% of total deposits in 3QCY26 - which is a 'positive' indicator inline of the MEBL-like growth story. - The quantum of _Islamic_ deposits has nearly doubled YoY to PKR 400bn - which spells a growth momentum in AKBL. - The reported deposit growth has largely been driven by non-remunerative deposits - which is positive for AKBL _NIMs, which could be in-line with MEBL annual NIMs_ of 8% or more. - The non-remunerative deposits increased by 45% YoY and 3% QoQ to PKR 711bn. Branches Conversion into Islamic mode - In line with FFC thinking, the Islamic branches have increased to ~425 in 3QCY26. - This is up from ~200 branches in 1QCY25. - This entails that branch conversion has now reached 52% in 3QCY26. - The branch conversion at 52% is running well ahead of deposit conversion at 22%. - This points to further room for the deposit mix to shift towards Islamic. - AKBL spells PBV of 1.2x & PE of 5.8x - 6.0x.
Link: https://scstrade.com/apaudio/AKBL-176-1794137433716-b379f9c0.pdf
AKBL - Askari Bank Ltd.
AKBL Breaks Key Resistance, Signalling Fresh Upside Potential
Muhammad Wajahat    11/5/2026 9:47:35 AM
AKBL has delivered a has break the bullish the resistance zone, signalling strengthening bullish momentum and an improved price outlook. Investors are advised to accumulate within the PKR 115.35 - 116.20 range, with upside targets of PKR 121.55, PKR 125.65, and PKR 130.58. The bullish outlook remains contingent on sustained momentum and healthy volume participation. A stop-loss is placed at PKR 105.19 to ensure disciplined risk management. yesterday wednesday (closing price 115.35 ) day before yesterday (tuesday) closing price was 106.03 now i want you to generate these report based on wednesday closing price compared to yesterday clsoing price
Link: https://scstrade.com/apaudio/AKBL-174-1793854025654-9c15e554.pdf
AKBL - Askari Bank Ltd.
AKBL CY26 valuations- PE 5.7x
SCS Research update    8/5/2026 12:00:00 AM
- AKBL reported 3% QoQ growth in 2Q earnings with EPS reaching PKR 4.67/sh vs. PKR 4.53/sh reported in 1Q, taking 1HCY26 EPS to PKR 9.20/sh. - This improvement was primarily driven by a 42% QoQ surge in non-core income to PKR 7.3bn, despite a slight 1% decline in core income to PKR 21.8bn. - We see core earnings remaining solid. - AKBL notches BV/sh of PKR 104.5/sh vs. PKR 96.2/sh reported in 1Q. - AKBL yields P/BV of 1.0x and P/E of 5.7x - AKBL also yields an expected dividend yield of 7.4%. - The total shareholders' equity stands at staggering PKR 151 bn in 2Q - We remain positive on AKBL due to a sound equity base. - The main ownership of AKBL comes from FFC. - AKBL is vying for Islamic banking branches as per CBS presentation notes.
Link: https://www.scstrade.com/research/Research%20Reports/General/AKBL%20CY26%20valuations%20PE%205.7x.pdf
AKBL - Askari Bank Ltd.
AKBL Retests Breakout Successfully, Reinforcing Bullish Trend and Further Upside Potential
M Wajahat    7/13/2026 12:00:00 AM
AKBL has successfully broken above a key resistance zone and is currently retesting the breakout level, reinforcing the strength of its bullish technical structure and confirming sustained buying interest. The stock is now approaching its first upside target of PKR 118.95, while the prevailing positive momentum supports further upside potential towards PKR 124.54, 132.15, and 139.65. Investors are advised to continue holding existing positions, with the stop-loss revised upward to PKR 106.60 to protect accumulated gains and maintain disciplined risk management in line with the improving price structure
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20AKBL%20July%2013,%202026...pdf
AKBL - Askari Bank Ltd.
AKBL Breakout Update: Bullish Momentum Intact, Higher Targets in Sight
M Wajahat    7/6/2026 12:00:00 AM
AKBL has broken above a key resistance zone, reinforcing its bullish outlook and approaching its first target of PKR 118.95. With momentum remaining strong, investors may continue to hold for further upside targets of PKR 124.54, 132.15, and 139.65, while the stop-loss has been revised upward to PKR 106.60 to protect gains and maintain disciplined risk management.
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20AKBL%20July%2006,%202026...pdf
AKBL - Askari Bank Ltd.
AKBL Breaks Above Key Resistance, Bullish Momentum Strengthens
M Wajahat    7/2/2026 12:00:00 AM
AKBL has decisively broken out above its key resistance zone, indicating strengthening bullish momentum and an improved technical setup. Investors may consider accumulating the stock in the PKR 112.99–113.45 range, with potential upside targets of PKR 118.95, PKR 124.54, and PKR 132.15. The breakout is backed by healthy buying interest and positive price action, supporting a constructive near- to medium-term outlook. To manage risk effectively, a stop-loss is recommended at PKR 100.13
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20AKBL%20July%2002,%202026....pdf