Karachi, Elite Capital Modaraba 1st (FECM), a financial entity listed in 1992 with a paidup capital of Rs. 113.40 million, experienced a notable turnover of 253,500 despite reporting a negative EPS of Rs. (0.62) for the year ended June 2022/2023. The daily weighted average rate was Rs. 6.25, with the market witnessing no low rate and a high of Rs. 6.25. No dividends were declared for the period, and the previous book closure was on October 20. The substantial turnover amidst negative earnings indicates a volatile market position for Elite Capital Modaraba.