Askari Bank (KAR:AKBL) 6-Month Price Index : 1.00 (As of Jun. 02, 2024)

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What is Askari Bank 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-02), Askari Bank's 6-Month Price Index is 1.00.

Competitive Comparison of Askari Bank's 6-Month Price Index

For the Banks - Regional subindustry, Askari Bank's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Askari Bank (KAR:AKBL) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Askari Bank (KAR:AKBL) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Askari Bank 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Askari Bank's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Askari Bank (KAR:AKBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Askari Bank Ltd (KAR:AKBL) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

AWT Plaza, The Mall, P.O. Box No. 1084, Rawalpindi, PB, PAK, 46000

Website

http://www.askaribank.com

Askari Bank Ltd operates as a bank in Pakistan. The bank operates its business through segments namely Branch banking; Corporate banking; Treasury; Consumer banking; Islamic banking; Foreign operations; and Other. It generates maximum revenue from the Branch banking segment. The Branch banking segment consists of loans, deposits, and other banking services including branchless banking services to small enterprises, medium enterprises, agriculture, and individual customers. Geographically, it derives a majority of its revenue from Pakistan.

Askari Bank (KAR:AKBL) Headlines

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