Transaction of 279500 certificates of Sindh Modaraba Management Limited
Karachi, Sindh Modaraba Management Limited informed Pakistan Stock Exchange about transaction of certificates of the company. 185,000 certificates @ Rs. 11.10 per certificate were sold in the market on December 28, 2016 and 94,500 certificates @ Rs. 10.40 per certificate were sold in the market on December 29, 2016. Sindh Modaraba is a perpetual, multi-dimensional non-trading modaraba formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. Sindh Modaraba is managed by Sindh Modaraba Management Ltd., a company 100% owned by Government of Sindh. The registered office of the Sindh Modaraba Management Ltd. is 1st floor, Imperial Court, Dr. Ziauddin Ahmed Road, Karachi. The Modaraba is primarily engaged in the business of Ijarah, Musharakah and Murabahah financing, Investment in marketable securities and other related businesses. The symbol “SINDM” is being used by the stock exchange for Sindh Modaraba Managment Limited.