Punjab Modaraba Announces Fiscal Year Earnings Amidst Market Challenges

Karachi, Punjab Modaraba (FPJM), a prominent financial institution listed on the Pakistan Stock Exchange since 1993, reported earnings per share (EPS) of Rs. 1.33 for the fiscal year 2022/2023. Despite a fluctuating market, the company’s share price hovered around Rs. 1.70, with a daily weighted average rate of Rs. 1.66. Punjab Modaraba, with a paid-up capital of Rs. 340.20 million, has not announced any distributions for this period. The previous book closure date was listed as 21/08, with a market lot size of 500.