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	156,144.37 198.87M	0.49% 759.87
ALLSHR	95,681.70 653.35M	0.58% 548.13
KSE30	47,712.40 99.72M	0.52% 245.40
KMI30	229,281.73 75.32M	0.72% 1636.51
KMIALLSHR	64,360.11 315.87M	0.74% 472.05
BKTi	42,128.25 57.00M	0.88% 366.48
OGTi	31,799.72 5.23M	0.57% 180.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,220.00	117,240.00 114,940.00	-2045.00 -1.74%
BRENT CRUDE	67.14	67.52 66.78	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.24 62.52	0.21 0.34%
SUGAR #11 WORLD	15.90	15.98 15.80	0.11 0.70%