Allied Rental Modaraba Announces 15% Distribution for 2023

Karachi, Allied Rental Modaraba (ARM) disclosed its financial performance for the year ending in June 2023. The company reported a closing rate of Rs. 27.50 on the Pakistan Stock Exchange (PSE) with a paid-up capital of Rs. 2,200 million. The modaraba declared a distribution of 15% for the year. Throughout January to September 2023, ARM observed a high rate of Rs. 25 and a low rate of Rs. 142500. ARM, with a par value of Rs. 10 and a market lot size of 500, has been listed since 2007. The most recent book closure date was 20/10.