AL-Noor Modaraba Maintains Consistent Rate; Offers 10% Bonus

Karachi, AL-Noor Modaraba 1st (FANM) shared its financial results for the year ending June 2023. The company reported a consistent closing rate of Rs. 3.75, equivalent to its daily weighted average rate, on the PSE. With a paid-up capital of Rs. 231 million, the modaraba offered a 10% bonus for 2023. The rates for FANM ranged from a high of Rs. 2.81 to a low of Rs. 68500 from January to September 2023. FANM, which has a par value of Rs. 10 and a market lot of 500, has been listed since 1992, with the last book closure noted on 20/10.