Habib Modaraba 1st Delivers Strong Distributions

Karachi: Habib Modaraba 1st. XD NC (FHAM) witnessed a successful trading session, with today’s rate at 6.86 Rs. and the daily weighted average rate slightly higher at 6.87 Rs. The modaraba has a robust paid-up capital of 1,108.31 million Rs., distributing 28% for the year ending in June. With a par value of 5 Rs. and a market lot of 500, FHAM’s previous book closure was on the 17th of October, and it was first listed in 1985.