Day: December 18, 2023

NBP Islamic Income and Mahana Amdani Funds Report Financial Data

Karachi, The NBP Islamic Income Fund and NBP Islamic Mahana Amdani Fund, established in 2020 and 2019 respectively, disclosed their financial figures for June 2023. Both funds reported offer prices of 11.19 and redemption prices of 11.07, with no dist…

First Treet Mfg Modaraba Faces Challenges with Negative EPS

Karachi, First Treet Mfg Modaraba NC (FTMM) reported a negative earnings per share (EPS) of -0.15 for the first four months of 2024, according to information available from the Pakistan Stock Exchange (PSX). Despite a high turnover of 500 million shar…

NBP Islamic Money Market and Mustahkam Funds Maintain Stability

Karachi, The NBP Islamic Money Market Fund, introduced in 2018, along with the NBP Islamic Mustahkam Fund and its Fixed Term Munafa Plan I, launched in 2023, announced their financial standings. The Money Market Fund reported an offer price of 11.21 a…

NBP Islamic Mustahkam Fund Expands with New Munafa Plan II

Karachi, The NBP Islamic Mustahkam Fund, launched in 2023, introduced the NBP Islamic Fixed Term Munafa Plan II. As of June 2023, the plan did not report any offer or redemption prices, nor any distributions, reflecting a strategic expansion in the Is…

OLP Modaraba Reports Steady Performance on Pakistan Stock Exchange

Karachi, OLP Modaraba NC (OLPM) closed the trading day at PKR 12.40 per share with a daily weighted average rate of PKR 12.44. Listed in 1987, the company has a paid-up capital of PKR 453.83 million and reported distributions of 29% for 2021, 20% for …

NBP Islamic Sarmaya Izafa Fund Reports Significant Distribution

Karachi, The NBP Islamic Sarmaya Izafa Fund has announced an offer price of Rs. 23.2 and a redemption price of Rs. 22.44, along with a notable distribution rate of 17.32% for the year. Established in 2007, the fund has consistently been a part of the …

Popular Islamic Modaraba Reflects Steady Growth in the Market

Karachi, Popular Islamic Modaraba NC (PIM) traded at PKR 11.79, with a daily average of PKR 11.80. The company, listed in 2016, has a paid-up capital of PKR 140 million. It reported distributions of 4.034% for 2021, 3.744% for 2022, and 4.557% for 202…

Sindh Modaraba Demonstrates Solid Market Performance

Karachi, Sindh Modaraba NC (SINDM) ended the day’s trading with its shares priced at PKR 8.67. With a paid-up capital of PKR 450 million, the company was listed in 2015. It has consistently distributed dividends, with 10% in 2021, 12% in 2022, and 12….

NBP Islamic Stock Fund Reports High Annual Distribution

Karachi, The NBP Islamic Stock Fund, part of the financial market since 2014, released its year-end financial summary. The fund’s offer price was 16.69, and its redemption price was 16.14, with a notable annual distribution of 21.10%, showcasing a str…