Elite Capital Modaraba Reports Negative Earnings Amid High Trading Activity

Karachi, Elite Capital Modaraba 1st NC faced a downturn with a negative EPS of Rs. -0.62 for the year 2022/2023. According to information available from the Pakistan Stock Exchange (PSX), the modaraba saw high trading activity with 292,500 shares turned over, indicating investor attention despite financial challenges. Today's share price settled at Rs. 4.25, matching the daily weighted average rate. With a paid-up capital of Rs. 113.40 million, the company has not declared any distributions for 2022, 2023, or 2024. Elite Capital Modaraba continues to strategize for better financial outcomes.