Modaraba Al-Mali Reports Minor Loss, Declares Over 14% Dividend

Karachi, Modaraba Al-Mali NC (MODAM) noted a slight loss of Rs 0.05 per share for the first three months of 2024. However, the company declared a 14.34% dividend, marking a significant distribution despite the financial setback. With shares trading at an impressive high of Rs 908.17, the turnover reached 6,105,500 shares. Since its listing in 1987, Modaraba Al-Mali has maintained a presence on the market with consistent shareholder distributions.