Modaraba Al-Mali Reports High Distributions and Significant Turnover

Karachi: Modaraba Al-Mali NC (MODAM) closed at Rs. 3.52 with a daily weighted average rate of Rs. 3.43 at the Pakistan Stock Exchange. The Modaraba, holding a paid-up capital of Rs. 908.17 million, announced a distribution of 331% for 2021 and 14.34% for 2023. The session ended with an impressive turnover of 17,147,500 units, reaching a high of Rs. 3.07. The par value is Rs. 10 per unit, with a market lot of 500 units. The Modaraba has been listed on the PSE since 1987, and it had its last book closure on 21/11.