Transaction of 19,000 certificates of Awwal Modaraba Management Limited

Karachi, Awwal Modaraba Management Limited informed Pakistan Stock Exchange about transaction of certificates of the company. 19,000 certificates @ Rs. 11 per certificate were bought from the market on December 30, 2016. Awwal Modaraba Management Limited (AMML) is licensed by the Registrar of Modarabas, Securities and Exchange Commission of Pakistan to float and manage multipurpose Modaraba Funds. The Company was incorporated on June 5, 2014 with an authorized and paid-up capital of PKR 300 million and PKR 105 million, respectively, as a wholly owned subsidiary of Pak Brunei Investment Company Limited (“Pak Brunei”). The establishment of a Modaraba Management Company (MMC) is expected to translate into significant financial benefits for its shareholders and investors in the Modaraba funds. The symbol “AWWAL” is being used by the stock exchange for the Awwal Modaraba Management Limited.