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Modarabas
Modarabas

Modarabas Sector

A unique segment of Islamic finance in Pakistan, these Shariah-compliant entities operate on a strict profit-and-loss sharing basis. They offer a tax-efficient investment vehicle for those seeking Halal returns and consistent payouts, managed by dedicated companies under the specialized regulatory framework of the SECP.

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| Last Updated: 04:50 PM PKT

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Sector Overview

The Modarabas sector represents 23 listed companies on the Pakistan Stock Exchange. It carries a 0.08% weight in the KSE-100 index and 0.13% in the Shariah-compliant KMI All Share Index. The sector trades at an average P/E ratio of 12.34x and a dividend yield of 3.04%.

These metrics summarize the sector's size, valuation, and income characteristics relative to the broader market.

As a specialized Islamic finance segment on the PSX, these entities offer Shariah-compliant investment opportunities based on profit-and-loss sharing for those seeking Halal returns.

Total Market Cap
PKR 16.8B
Market Cap Weight (KMI)
0.13%
Traded Volume
6.11M
P/E Ratio
12.34x
Div. Yield
3.04%

Modarabas Sector Live Performance

The Modarabas sector is currently outperforming the benchmark KSE 100 index, supported by higher trading activity in Wasl Mobility Modaraba(Right) (WASLR). The sector accounts for approximately 0.08% of the Pakistan Stock Exchange (PSX).

Advanced Chart
1 Day Change
-1.13%
Today
Weight in KSE All
0.08%
KSE All Share Index
1 Month Return
-0.18%
3 Month Return
+14.28%
1 Year Return
+17.59%

Sector Performance

KSE 100 Benchmark
Halal Only

Largest Companies in the Modarabas Sector (PSX Listed)

Ranked by market capitalization

Halal Only
SymbolCompany NameMarket CapPrice (PKR)P/EDiv. Yield1 Year Return
FHAM
First Habib ModarabaFirst Habib Modaraba3.7B33.294.47.56%
+35.88%
FTMM
First Treet Manufacturing ModarabaFirst Treet Manufacturing Modaraba3.2B16.28126.2N/A
-27.48%
GEMBCEM
Burj Clean Energy Modaraba(GEM)Burj Clean Energy Modaraba(GEM)1.2B12.0015.23.64%
+0.00%
OLPM
OLP ModarabaOLP Modaraba1.1B25.007.211.38%
+31.44%
SINDM
Sindh ModarabaSindh Modaraba1.0B22.816.07.38%
+75.46%
WASL
Wasl Mobility ModarabaWasl Mobility Modaraba962.7M5.9985.6N/A
+33.41%
ORM
Orient Rental ModOrient Rental Mod777.0M10.365.911.85%
-1.33%
ORIXM
Orix ModarabaOrix Modaraba748.8M16.50N/AN/A
+2.48%
FTSM
First Tri-Star ModarabaFirst Tri-Star Modaraba705.8M33.35N/AN/A
+138.21%
PMI
First Prudential ModarabaFirst Prudential Modaraba608.1M4.7031.314.63%
+4.68%
FIMM
First Imrooz ModarabaFirst Imrooz Modaraba600.0M200.0015.87.79%
+0.00%
FEM
First Equity ModarabaFirst Equity Modaraba583.7M11.1356.5N/A
+145.15%
PIM
Popular Islamic ModarabaPopular Islamic Modaraba490.0M24.5047.15.05%
+22.50%
TRSM
Trust ModarabaTrust Modaraba461.6M15.4958.7N/A
+59.36%
FFLM
First Fidelity Leasing ModarabaFirst Fidelity Leasing Modaraba399.9M15.14N/AN/A
+199.21%
FPJM
First Punjab ModarabaFirst Punjab Modaraba375.6M11.04N/AN/A
+157.94%
FIBLM
First IBL ModarabaFirst IBL Modaraba273.7M12.6213.4N/A
+110.33%
FECM
First Elite Capital ModarabaFirst Elite Capital Modaraba200.3M17.66N/AN/A
-53.34%
FPRM
First Paramount ModarabaFirst Paramount Modaraba178.4M12.949.2N/A
+26.86%
FANM
First Al-Noor ModarabaFirst Al-Noor Modaraba177.6M7.69N/AN/A
+64.67%
BFMOD
B.F. ModarabaB.F. Modaraba169.6M22.57N/AN/A
+79.41%
UCAPM
Unicap ModarabaUnicap Modaraba149.9M6.34N/AN/A
+44.09%
CSM
Cresent Standard ModarabaCresent Standard Modaraba56.2M2.81N/AN/A
+0.00%
WASLR
Wasl Mobility Modaraba(Right)Wasl Mobility Modaraba(Right)24.7M0.79N/AN/A
+0.00%
FCONM
First Constellation ModarabaFirst Constellation Modaraba7.7M1.19N/AN/A
+0.00%
MODAMR1
MODARABA AL-MALI (R)MODARABA AL-MALI (R)00.01N/AN/A
+0.00%

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Frequently Asked Questions

Everything you need to know to get started and use StockIntel with confidence.

What information is available on the Modarabas sector page?
This page provides a top-down view of the Modarabas industry on the PSX — a written description of what the sector represents in the economy, its weight in the KSE-100 and KMI All Share indices, live and historical performance, aggregate valuation metrics (P/E, P/B, dividend yield, market cap), and a ranked list of every constituent company. Data updates continuously during PSX trading hours and is reconciled against official exchange filings. Browse all sectors on the All Sectors page.
What do the Modarabas sector tags at the top of the page show?
The sector tags surface key data-driven signals about the Modarabas sector in real time — including momentum signals (Bullish momentum, Oversold), valuation signals (Lower P/E than KSE-100), volume signals (Volume leader), dividend signals (Dividend titan), and relative performance signals (Outperforming KSE-100). Tags update as live market data changes, giving a quick at-a-glance read of how the sector is behaving right now without requiring you to interpret raw numbers yourself.
How can I evaluate the overall valuation of the Modarabas sector?
The Sector Overview section aggregates the financial data of all companies within the Modarabas industry. Key metrics include the consolidated Sector P/E, Sector P/B, trailing dividend yield, and total market capitalization. Compare these against historical averages or against the broader KSE-100 to see where the sector sits in its valuation cycle. For company-level valuation analysis with 150+ filters, open the PSX stock screener.
Can I benchmark Modarabas performance against the KSE-100?
Yes. The Sector Performance chart includes a KSE-100 Benchmark toggle that overlays the broader market index against the Modarabas sector's historical price action across multiple timeframes — 1 week, 1 month, 3 months, 6 months, and 1 year. The chart also includes a Halal Only toggle that filters the sector to its Shariah-compliant constituents for investors following the KMI All Share criteria.
What does the "Contribution to KSE-100" metric mean for Modarabas?
The Contribution to KSE-100 metric shows how many index points the Modarabas sector has added to or subtracted from the benchmark KSE-100 during the current trading session, alongside the sector's overall weight in the index. This helps identify whether a given sector is responsible for index movement on any particular day — useful for understanding what's actually driving daily market moves versus what's just noise.
How do I find the largest companies in the Modarabas sector?
The Largest Companies table ranks every constituent of the Modarabas sector by market capitalization, with columns for current price, P/E ratio, dividend yield, and 1-year return. The table includes a Table View / Heatmap View toggle — table view for detailed sorting, heatmap view for visual scanning of which companies are gaining or losing on the day. Click any company name to open its full financial profile.
Can I filter Modarabas stocks for Shariah compliance?
Yes. The Halal Only toggle filters the Modarabas constituent table to show only companies that meet Shariah screening criteria — based on financial ratios (debt-to-asset thresholds, interest income limits) and business activity screens. The filter uses KMI All Share Index criteria, which is broader than KMI-30 (top 30 only). Hover over the green Halal badge next to any company name to see the specific criteria it meets.
How do I find the highest dividend-yielding stocks in Modarabas?
Sort the constituent companies table by the Dividend Yield column to rank Modarabas stocks by their trailing-twelve-month dividend yield. The table also shows payout consistency over time — useful for distinguishing reliable dividend payers from one-time high yields. For deeper dividend screening across multiple sectors with sustainability filters, open the dividend screener.
How can I see the Modarabas sector's performance over different time periods?
The performance strip near the top of the page shows the Modarabas sector's returns over four key periods — 1 Day, 1 Month, 3 Month, and 1 Year — alongside the sector's current weight in the KSE-100. These returns are calculated from the sector's market-cap-weighted aggregate, so they reflect the overall direction of capital flow into or out of the sector. Combined with the Sector Performance chart below, they let you quickly assess both recent momentum and longer-term trends at a glance.
Can I compare Modarabas against other PSX sectors?
Yes. The Compare Sectors button at the top of the page opens a side-by-side comparison view where you can place Modarabas alongside any other sectors to analyze relative performance, valuation multiples, dividend yields, and market capitalization. Use the Sector Compare tool to identify where capital is rotating across industry groups.
How do I compare Modarabas companies side-by-side?
The Largest Companies table is built for cross-company analysis. Sort by P/E to find cheapest-valued names, by Dividend Yield for income opportunities, by 1-Year Return to spot momentum leaders, or by Market Cap for the most liquid names. Combine the Halal Only toggle with sorting to compare only Shariah-compliant Modarabas stocks. For deeper comparison with 150+ fundamental filters across the full PSX universe, open the PSX stock screener.
How do I buy or sell Modarabas stocks?
Once you spot a company worth acting on:
  • Pick a company — Click any ticker in the Largest Companies table to open its full financial profile and chart
  • Confirm your setup — Use integrated TradingView charts to confirm technical signals, or use the stock screener to narrow further
  • Connect your broker — Link Munir Khanani Securities, Chase Securities, Yasir Mahmood Securities, or Zahid Latif Khan Securities through StockIntel, or open a new account directly inside the platform
  • Execute the trade — Route a Market, Limit, Stop Loss, or OHO order through the multi-broker trading interface