Orient Rental Modaraba Posts Strong Financial Performance

Karachi: Orient Rental Modaraba (ORM) posted strong financial performance in the market. The modaraba closed at PKR 6.50, with a paid-up capital of PKR 750.00 million as of June. It distributed a 10% return in both 2021 and 2023. The market lot is 500, and the par value is PKR 10. Since its listing in 2017, the modaraba reached a high of PKR 6.95 and a low of PKR 5.52 in 2023. The total turnover was 543,000 shares, with an EPS of PKR 2.09 for 2021/2022.