PACRA Withdraws Entity Ratings of KASB Modaraba

News Image

By MG News | November 06, 2018 at 11:03 AM GMT+05:00

0:00

November 06, 2018 (MLN): Pakistan Credit Rating Agency Limited (PACRA) has withdrawn the entity ratings of KASB Modaraba.

Previously, on June 29, 2018, PACRA had downgraded its entity ratings to ‘BBB’ for long-term and ‘A2’ for Short-term, with a negative outlook forecast.

According to the rating agency, the management of KASB Modaraba is not interested in continuation of the rating process. Therefore, PACRA has withdrawn Entity Ratings.

KASB Modaraba (KASBM) established in 1990, is a perpetual, multipurpose Modaraba with its head office situated in Karachi.

The Modaraba, listed on Pakistan Stock Exchange is primarily engaged in financing through Ijarah, Morabaha, Musharaka, Diminishing Musharaka and Modaraba. Modarba’s management company is KASB Invest (Private) Limited (KIPL).

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,720.00 106,200.00
105,625.00
-30.00
-0.03%
BRENT CRUDE 67.14 67.29
67.06
0.03
0.04%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.42 65.65
65.34
-0.03
-0.05%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg