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Karachi, U.D.L. Modaraba 1st. NC (FUDLM) today reported a trading rate of 7.70 RS with a daily weighted average rate of 7.82 RS. According to information available from the Pakistan Stock Exchange (PSX), the company announced a 19% distribution for 2023, aiming to provide a moderate return to its investors. With a paid-up capital of 351.21 million RS and listed since 1991, the company has faced some financial challenges as reflected in its EPS of -0.07 for the year 2022/2023. Despite these challenges, the trading volume reached 1,762,500 RS, showing some resilience in investor confidence.
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