Punjab Modaraba 1st NC Faces Negative EPS, Low Share Price Volatility

Business & Finance

Karachi, Punjab Modaraba 1st NC (Symbol: FPJM) is currently trading at Rs. 1.44, closely aligned with its daily weighted average rate of Rs. 1.45. According to information available from the Pakistan Stock Exchange (PSX), the modaraba has not declared any distributions for the years 2022 to 2024. The company has a paid-up capital of Rs. 340.20 million and faced a significant trading volume of 1,524,500 shares. However, it registered a negative earnings per share of Rs. -2.54 for 2022/2023. The shares, listed since 1993, reached a high of Rs. 2.7 and a low of Rs. 1.33 this year.