MODAM secures agreements for completing LSE Financial Services’ 26% capital

MG News | June 16, 2022 at 11:09 AM GMT+05:00

0:00

June 16, 2022 (MLN): Modaraba Al Mali (PSX: MODAM) has secured agreements for completing 26% share capital of LSE Financial Services Limited, the company filing on PSX showed today.

With the already management control in place, the acquisition shall enable MODAM to treat LSE FSL as a subsidiary and consolidate LSE FSL's accounts in MODAM's financial statements for FY 2022 on a line-by-line basis.

The Modaraba is being repositioned to focus on Venture Capital, Private Equity, and the Rehabilitation of Businesses having potential for revival. Besides, the Modaraba also invests its capital in acquiring, operating, and dealing in real estate assets.

The scrip of MODAM is currently trading at Rs6.45, up by 6 paisa, 0.94% DoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,385.61 213.30M	0.63% 1071.75
ALLSHR	103,553.88 597.92M	0.52% 538.30
KSE30	52,289.24 92.50M	0.84% 435.18
KMI30	243,823.97 65.73M	0.65% 1564.27
KMIALLSHR	66,915.19 300.38M	0.29% 191.02
BKTi	47,507.00 37.41M	1.38% 645.57
OGTi	33,546.14 4.56M	-0.21% -69.12

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,890.00	87,030.00 85,930.00	925.00 1.08%
BRENT CRUDE	60.22	60.67 59.75	0.54 0.90%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.50	96.50 95.90	0.85 0.89%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.37	56.85 55.91	0.56 1.00%
SUGAR #11 WORLD	14.76	14.89 14.72	-0.06 -0.40%