Sindh Modaraba Maintains Strong Market Presence

Karachi: Sindh Modaraba (SINDM) maintained a strong presence in the Pakistan Stock Exchange. The modaraba closed at PKR 8.43, matching its daily weighted average rate. It holds a paid-up capital of PKR 450.00 million as of June and distributed returns of 10% in 2021, 12% in 2022, and 12.50% in 2023. The shares' par value is PKR 10, with a market lot of 500. Since its listing in 2015, the modaraba reached a high rate of PKR 10.5 and a low of PKR 6 in 2023. The total turnover was 628,000 shares, with an EPS of PKR 1.68 for 2021/2022.