Modarabas Stocks
19 listed companies on the Pakistan Stock Exchange
Sector today
+2.99%
Combined market cap
Rs 17.9B
Companies
19
Advancing today
14 / 19
What drives Modarabas on the PSX
A modaraba is a Shariah-compliant investment vehicle: a management company runs the business and shares profit with certificate holders on an agreed ratio, with losses borne by the capital. Most listed modarabas in Pakistan are effectively leasing and asset-financing businesses in Islamic form, so they behave like small non-bank lenders rather than like funds.
What to watch
- The State Bank policy rate — it sets both the return demanded on new financing and the cost of the borrowing behind it.
- Asset quality on the lease and financing book, which deteriorates faster than a bank's because the customers are smaller.
- The management company's profit-sharing ratio, which decides how much of the return reaches certificate holders.
- Regulatory capital and the SECP's modaraba framework, which limit gearing and permitted activity.
Written and maintained by the PSX Expert editorial desk. See how we source and check this data.
All Modarabas shares
| Company | Price | Change | Market cap | Signal |
|---|---|---|---|---|
| FTMM First Treet Manufacturing Modaraba | Rs 20.16 | +10.04% | Rs 3.9B | Strong Sell |
| FHAM First Habib Modaraba | Rs 32.70 | -0.49% | Rs 3.6B | Reduce |
| SINDM Sindh Modaraba | Rs 28.74 | +3.34% | Rs 1.3B | Strong Sell |
| OLPM OLP Modaraba | Rs 25.59 | +1.99% | Rs 1.2B | Reduce |
| PIM Popular Islamic Modaraba | Rs 55.91 | +9.05% | Rs 1.1B | Strong Sell |
| WASL Wasl Mobility Modaraba | Rs 6.76 | +2.74% | Rs 1.1B | Strong Sell |
| FTSM First Tri-Star Modaraba | Rs 45.19 | +0.16% | Rs 1.0B | Strong Sell |
| ORM Orient Rental Mod | Rs 11.21 | -2.10% | Rs 0.8B | Reduce |
| FPJM First Punjab Modaraba | Rs 23.61 | +10.02% | Rs 0.8B | Strong Sell |
| FEM First Equity Modaraba | Rs 12.45 | +8.54% | Rs 0.7B | Strong Sell |
| TRSM Trust Modaraba | Rs 17.10 | -3.34% | Rs 0.5B | Reduce |
| FIBLM First IBL Modaraba | Rs 18.86 | -9.98% | Rs 0.4B | Strong Sell |
| FFLM First Fidelity Leasing Modaraba | Rs 15.16 | +10.01% | Rs 0.4B | Strong Sell |
| FECM First Elite Capital Modaraba | Rs 27.68 | +6.09% | Rs 0.3B | Strong Sell |
| FANM First Al-Noor Modaraba | Rs 11.34 | +9.99% | Rs 0.3B | Strong Sell |
| BFMOD B.F. Modaraba | Rs 23.35 | -6.07% | Rs 0.2B | Reduce |
| FPRM First Paramount Modaraba | Rs 11.86 | +2.86% | Rs 0.2B | Hold |
| UCAPM Unicap Modaraba | Rs 6.58 | +2.97% | Rs 0.2B | Strong Sell |
| FPRMR2 First Paramount Modaraba(Right) | Rs 2.33 | +0.87% | Rs 0.0B | Hold |
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Prices are end-of-day figures collected from the Pakistan Stock Exchange and are for information only. Nothing on this page is investment advice — see our disclaimer.