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PSX SECTOR · 0819

Modarabas

20 listed companies, Rs 18.7B of combined market capitalisation, led by First Treet Manufacturing Modaraba. Sorted by size; tap a column to re-sort.

Companies
20
19 Shariah-compliant
Today
7 up · 10 down
avg +0.35%
Median YTD
−6.4%
Median P/E · yield
15.6× · 0.0%
Modarabas companies on PSX
Symbol Company Price Chg % Mkt cap

Market cap

What the whole company costs at today's price.

How it's worked out

Share price multiplied by every share in issue.

How to read it

It is the company's size, not its value. A big number is not expensive and a small one is not cheap — that is what the multiples below are for.

P/E

P/E ratio

Rupees you pay for each rupee the company earned last year.

How it's worked out

Share price divided by earnings per share over the last twelve reported months.

How to read it

Lower looks cheaper, but only against something — the same company's history, its sector, or the market. A P/E on its own means very little, and it is blank when a company lost money.

Yield

Dividend yield

Cash paid out over the last year as a percentage of today's price.

How it's worked out

Dividends per share over twelve months divided by the share price.

How to read it

A very high yield is often a warning, not a gift: it usually means the price fell. Check the payout ratio next to see whether earnings actually cover it.

YTD

Year-to-date return

How the share price has moved since 1 January, before dividends.

How it's worked out

Today's price against the last close of the previous year, as a percentage.

How to read it

It is a PRICE return, so a company that paid a large dividend looks worse here than a holder actually did. The calendar start is arbitrary — a stock that fell in December and recovered in January looks strong for reasons that have nothing to do with the business.

1Y

One-year return

How the share price has moved over the last twelve months, before dividends.

How it's worked out

Today's price against the close twelve months ago, adjusted for bonus issues and splits, as a percentage.

How to read it

Price only. For what a holder actually made, including dividends, see total return — on a high-yield PSX name the two differ by most of the yield.

Trend Shariah

Shariah compliant

Whether PSX's own screen currently lists it as compliant.

How it's worked out

Membership of the KMI-30 or KMI All-Share index, which the exchange rebuilds on its own screening.

How to read it

It is the exchange's call at a point in time, not a fatwa and not ours. Companies move in and out as their debt and income mix changes.

FTMM First Treet Manufacturing Modaraba 18.85 −0.11% Rs 3.7B 146.1× 7.96% −6.41% +0.21% Leaning Up
FHAM First Habib Modaraba 31.15 +0.48% Rs 3.5B 4.6× 6.67% −8.78% −17.85% Leaning Down
SINDM Sindh Modaraba 30.68 +1.86% Rs 1.4B 8.1× 4.40% −13.87% +63.02% Leaning Up
OLPM OLP Modaraba 27.05 −1.96% Rs 1.2B 7.6× 10.01% +20.22% +19.48% Trending Up
GEMBCEM Burj Clean Energy Modaraba(GEM) 11.30 0.00% Rs 1.1B 14.4× 3.45% +2.73% +0.36% Sideways
FPJM First Punjab Modaraba 32.92 +9.99% Rs 1.1B +263.36% +408.81% Trending Up
WASL Wasl Mobility Modaraba 5.80 −0.68% Rs 932M 38.7× 14.63% −18.65% −13.95% Leaning Down
PIM Popular Islamic Modaraba 44.44 −4.82% Rs 889M 85.5× 2.25% +106.22% +85.32% Trending Up
FTSM First Tri-Star Modaraba 41.14 −1.39% Rs 871M +128.43% +173.36% Leaning Down
ORM Orient Rental Mod 11.21 +0.72% Rs 841M 6.4× 10.70% −8.86% −14.69% Sideways
FIMM First Imrooz Modaraba 215.99 0.00% Rs 648M 17.1× 6.94% −12.84% −39.96% Sideways
FEM First Equity Modaraba 10.83 −1.90% Rs 568M 55.0× −3.13% +65.85% Leaning Down
TRSM Trust Modaraba 13.86 −0.07% Rs 413M 52.5× −26.51% −68.54% Trending Down
FIBLM First IBL Modaraba 14.73 −1.60% Rs 319M 15.6× +43.99% +35.64% Leaning Down
FFLM First Fidelity Leasing Modaraba 11.45 +1.69% Rs 302M +27.08% +54.94% Trending Down
FANM First Al-Noor Modaraba 10.08 +2.02% Rs 233M +13.13% +28.57% Leaning Up
FECM First Elite Capital Modaraba 18.80 +3.93% Rs 213M −15.77% −35.51% Leaning Down
FPRM First Paramount Modaraba 12.00 −0.08% Rs 165M 8.6× −6.98% +9.09% Sideways
BFMOD B.F. Modaraba 20.27 −1.07% Rs 152M −13.34% +29.36% Leaning Down
UCAPM Unicap Modaraba 5.41 0.00% Rs 128M −27.19% +8.42% Leaning Down

Quick answers

Which are the largest modarabas companies on PSX?

By market capitalisation as of 23 Sep 2026: First Treet Manufacturing Modaraba (FTMM, Rs 3.7B); First Habib Modaraba (FHAM, Rs 3.5B); Sindh Modaraba (SINDM, Rs 1.4B); OLP Modaraba (OLPM, Rs 1.2B); Burj Clean Energy Modaraba(GEM) (GEMBCEM, Rs 1.1B).

How has the modarabas sector performed this year?

The median year-to-date share price change across the sector's 20 companies is −6.4% as of 23 Sep 2026; individual names range widely — see the table.

See also: all sectors · every PSX stock · KSE-100 weight by sector.

Data from PSX via Equivest, delayed and provided for information only — not investment advice. Figures may contain errors; verify with your broker before acting. As of .

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