Modarabas on the Pakistan Stock Exchange

The modarabas sector has 19 listings on PSX with a combined market capitalisation of about Rs 21.2 billion. The largest by market capitalisation are First Treet Manufacturing Modaraba (FTMM), Popular Islamic Modaraba (PIM) and Sindh Modaraba (SINDM).

Ordered by market capitalisation, largest first.

Symbol	Company	Price	Day change	Market cap
FTMM	First Treet Manufacturing Modaraba	Rs 18.51	▼ −0.16%	Rs 3.6bn
PIM	Popular Islamic Modaraba	Rs 164.25	▲ +7.40%	Rs 3.3bn
SINDM	Sindh Modaraba	Rs 72.87	▲ +3.69%	Rs 3.3bn
FHAM	First Habib Modaraba	Rs 28.64	▲ +0.67%	Rs 3.2bn
OLPM	OLP Modaraba	Rs 25.01	▲ +2.08%	Rs 1.1bn
WASL	Wasl Mobility Modaraba	Rs 7.36	▲ +2.79%	Rs 952.3m
ORM	Orient Rental Mod	Rs 11.00	▼ −0.99%	Rs 825.0m
FTSM	First Tri-Star Modaraba	Rs 29.49	▲ +1.27%	Rs 624.1m
FPJM	First Punjab Modaraba	Rs 18.30	▼ −1.72%	Rs 622.6m
FEM	First Equity Modaraba	Rs 11.41	▼ −0.78%	Rs 598.3m
FIMM	First Imrooz Modaraba	Rs 194.73	▲ +0.22%	Rs 584.2m
UCAPM	Unicap Modaraba	Rs 22.84	▲ +10.02%	Rs 539.9m
TRSM	Trust Modaraba	Rs 14.10	▲ +0.64%	Rs 420.2m
FFLM	First Fidelity Leasing Modaraba	Rs 13.25	▲ +2.95%	Rs 350.0m
FIBLM	First IBL Modaraba	Rs 15.18	▲ +2.57%	Rs 329.2m
FANM	First Al-Noor Modaraba	Rs 12.64	▼ −9.71%	Rs 292.0m
FECM	First Elite Capital Modaraba	Rs 17.41	▼ −0.85%	Rs 197.4m
BFMOD	B.F. Modaraba	Rs 25.28	▼ −2.51%	Rs 190.0m
FPRM	First Paramount Modaraba	Rs 12.90	▼ −2.71%	Rs 177.9m

Prices and day change are for the session of 13 Nov 2026. Source: Pakistan Stock Exchange data via Ticker Analysts. This is a list, not a recommendation. Investing in securities involves risk, including possible loss of principal.

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