Prudential Modaraba Reports Significant Turnover Growth

Karachi, Prudential Modaraba, under the symbol PMI, demonstrated a significant increase in trading volume, reaching a turnover of Rs. 7,380,000 million. The company’s stock remained stable at Rs. 1.80. According to information available from the Pakistan Stock Exchange (PSX), the paid-up capital reported was Rs. 1,293.92 million. Prudential Modaraba distributed 1.70% in 2022 and plans a 3% distribution for 2023, with no change in the distribution rate for 2024. Since its listing in 1990, the stock has varied between a high of Rs. 2.5 and a low of Rs. 1.57.