FIRST CAPITAL· SIGNA RESEARCH
KSE CLOSEDKSE-100 · PSX--:--:-- PKTDATA AS OF 11 JUN 2026 · EOD

MEBL

Meezan Bank
BANKS

LAST · PKR

331.80
+1.69 +0.51%

52W RANGE

291.98340.04
83% OF RANGE · YTD +4.7%
01 / MEBL — 1 YearAS OF 11 JUN 2026 · EOD
PERIOD 1Y · 250 SESSIONS

Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.

02 / Fundamentals
Market cap
594bn
P/E (ttm)
5.7×
EPS (ttm)
58.21
Dividend yield
8.4%
Return on equity
39.7%
Beta
0.85
Free float
49%
52W high
340.04
52W low
291.98
1D change
+0.51%
YTD return
+4.7%

The world's largest standalone Islamic bank by branches; structural deposit-cost advantage under the IFRS-compliant Shariah framework.

03 / Research NoteNEUTRAL

SIGNA DESK · FIRST CAPITAL RESEARCH · 11 JUN 2026 · EOD

Meezan Bank: solid franchise, fair price — yield does the heavy lifting from here

Meezan Bank (MEBL) trades at 5.7× trailing earnings with a 8.4% dividend yield, sitting 83% of the way up its 52-week range. Return on equity of 39.7% comfortably clears the market's cost of equity, and the 49% free float keeps the name liquid enough for institutional sizing.

Within the banks space, the setup is balanced: valuation neither stretches nor compels, and the dividend underpins total return. At 0.85 beta the name damps index swings, which suits income-led mandates in a falling-rate tape. The payout is the anchor of the thesis; any cut would force a full re-underwrite.

AT A GLANCE

Stance
NEUTRAL
P/E (ttm)
5.7×
Dividend yield
8.4%
Beta
0.85
52W position
83%
YTD return
+4.7%

— GENERATED BY SIGNA · NOT INVESTMENT ADVICE

04 / Sector Peers
SymbolLastChg %P/EM. Cap1Y
MEBLMeezan Bank— THIS PAGE331.80+0.51%5.7×594bn
UBLUnited Bank381.60+1.64%6.6×470bn
MCBMCB Bank349.10+1.24%6.9×414bn
HBLHabib Bank252.30−0.34%5.8×370bn
BAHLBank Al Habib142.60−1.08%4.0×159bn

Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.