B.F. Modaraba Faces Negative Earnings Amid Market Fluctuations

Karachi, B.F. Modaraba (BFMOD) experienced a challenging market phase, with its daily weighted average rate noted at Rs. 75.15. The financial entity, operational since 1989, recorded a negative EPS of Rs. (0.80) for the year ending in June 2023, indicating some pressures in profitability. The share prices varied from Rs. 5.8 to Rs. 5.5, with an overall turnover of 11,000 shares.