Tri-Star Modaraba 1st Reports High Distributions in 2023

Karachi: Tri-Star Modaraba 1st (FTSM), listed since 1990, closed at Rs. 15.00. The company distributed 6% in 2021 and reported a significant increase to 40% in 2023. FTSM's paid-up capital is Rs. 90 million, and its daily weighted average rate was Rs. 24.89, showing a decrease from Rs. 8. The market lot for the company is 500, with the last book closure on October 23.