PSX SECTOR · 0819

Modarabas

The modarabas sector on the Pakistan Stock Exchange has 26 listed companies with Rs 22.2B of combined market capitalisation as of 20 Oct 2026. The largest is First Treet Manufacturing Modaraba (FTMM) at Rs 4.2B, 19% of the sector. Sorted by size; tap a column to re-sort.

Companies: 26; 19 Shariah-compliant
Today: 8 up · 10 down; avg −0.26%
Median YTD: +9.1%
Median P/E · yield: 16.3× · 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 does not mean the price is high against earnings, and a small one does not mean it is low — that is what the ratios below are for.	P/E Price per rupee earned 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 only means something against something — the same company's history, its sector, or the market. On its own this ratio says 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 good 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	21.43	+10.01%	Rs 4.2B	35.0×	7.00%	+6.41%	+18.66%	Leaning Up	✓
FHAM	First Habib Modaraba	27.10	+0.30%	Rs 3B	4.0×	8.30%	−20.64%	−20.29%	Trending Down	✓
SINDM	Sindh Modaraba	59.75	+7.64%	Rs 2.7B	15.1×	2.34%	+67.74%	+231.94%	Leaning Up	✓
PIM	Popular Islamic Modaraba	96.65	+10.01%	Rs 1.9B	128.9×	3.10%	+348.49%	+345.60%	Trending Up	✓
GEMBCEM	Burj Clean Energy Modaraba(GEM)	—	—	Rs 1.2B	13.0×	5.08%	+7.27%	−0.67%	Sideways	✓
OLPM	OLP Modaraba	24.55	+0.41%	Rs 1.1B	6.9×	10.18%	+9.11%	+14.13%	Leaning Down	✓
WASL	Wasl Mobility Modaraba	6.37	−3.49%	Rs 1B	53.1×	—	−10.66%	−19.67%	Leaning Up	✓
ORM	Orient Rental Mod	10.68	−2.64%	Rs 801M	7.5×	11.24%	−13.17%	−13.38%	Sideways	✓
ORIXM	Orix Modaraba	—	—	Rs 731M	—	—	—	0.00%	—	?
FPJM	First Punjab Modaraba	19.18	−3.42%	Rs 653M	—	—	+111.70%	+162.74%	Leaning Down	✓
FEM	First Equity Modaraba	12.43	−1.19%	Rs 652M	—	—	+11.18%	+10.69%	Leaning Up	✓
FTSM	First Tri-Star Modaraba	30.13	−3.98%	Rs 638M	131.0×	—	+67.30%	+107.94%	Leaning Down	✓
FIMM	First Imrooz Modaraba	211.53	+0.55%	Rs 635M	16.1×	4.73%	−14.64%	−22.56%	Leaning Down	✓
PMI	First Prudential Modaraba	—	—	Rs 608M	31.3×	14.63%	—	—	Sideways	?
TRSM	Trust Modaraba	14.03	−1.68%	Rs 418M	36.9×	—	−25.61%	−75.30%	Leaning Down	✓
UCAPM	Unicap Modaraba	14.60	+10.02%	Rs 345M	—	—	+96.50%	+158.87%	Trending Up	—
FIBLM	First IBL Modaraba	15.39	−7.57%	Rs 334M	16.3×	—	+50.44%	+40.42%	Sideways	✓
FFLM	First Fidelity Leasing Modaraba	12.04	−3.99%	Rs 318M	—	—	+33.63%	+68.16%	Leaning Down	✓
FPRM	First Paramount Modaraba	11.43	−8.34%	Rs 236M	8.2×	—	−11.40%	−22.40%	Trending Down	✓
FANM	First Al-Noor Modaraba	10.05	+0.30%	Rs 232M	—	—	+12.79%	+22.56%	Leaning Up	✓
FECM	First Elite Capital Modaraba	18.00	0.00%	Rs 204M	—	—	−19.35%	−58.17%	Leaning Down	✓
BFMOD	B.F. Modaraba	22.08	−7.85%	Rs 166M	47.0×	2.21%	−5.60%	+9.58%	Sideways	✓
CSM	Cresent Standard Modaraba	—	—	Rs 56.2M	—	—	—	0.00%	—	?
FNBM	First National Bank Modaraba	—	—	Rs 16M	—	—	—	0.00%	—	?
FCONM	First Constellation Modaraba	—	—	Rs 7.7M	—	—	—	0.00%	—	?
FIM	First Investec Modaraba	—	—	Rs 600K	—	—	—	0.00%	—	?

Quick answers

Which are the largest modarabas companies on PSX?

By market capitalisation as of 20 Oct 2026: First Treet Manufacturing Modaraba (FTMM, Rs 4.2B); First Habib Modaraba (FHAM, Rs 3B); Sindh Modaraba (SINDM, Rs 2.7B); Popular Islamic Modaraba (PIM, Rs 1.9B); Burj Clean Energy Modaraba(GEM) (GEMBCEM, Rs 1.2B).

How has the modarabas sector performed this year?

The median year-to-date share price change across the sector's 26 companies is +9.1% as of 20 Oct 2026; individual names range widely — see the table.

Data from PSX via SuperX, delayed and provided for information only — not investment advice. Figures may contain errors; verify with your broker before acting. As of 20 Oct 2026, 15:45 PKT.

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