First Equity Modaraba
PPSX:FEM12.01
PKR
+0.01
(+0.08%)
First Equity Modaraba
PSX:FEM
(Pakistan Stock Exchange)
Recent
price
12.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- First Equity Modaraba operates as a multipurpose, perpetual Islamic financial services institution and closed-end fund based in Pakistan. Managed by Premier Financial Services (Private) Limited, the company engages in fund-based and fee-based capital market activities, Shariah-compliant financing, equity investments, and brokerage operations. The company organizes its primary products and services into distinct operational categories, including securities brokerage services, comprising equity trading execution, retail and institutional share brokerage, and transaction settlement as a Trading Right Entitlement Certificate holder of the Pakistan Stock Exchange; Islamic financing facilities, comprising Musharaka, Morabaha, and related Shariah-compliant credit and investment structures; capital market operations, comprising equity portfolio management, proprietary trading, and strategic equity investments; and corporate financial advisory services, comprising investment consultancy, financial structuring, and corporate advisory. The company serves retail investors, high-net-worth individuals, corporate enterprises, and institutional clients across Pakistan. Headquartered in Karachi, Pakistan, First Equity Modaraba was established in 1991 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. The entity maintains wholly owned subsidiaries, including Capital Financial Services (Private) Limited, Apex Financial Services (Private) Limited, and Equity Textiles Limited. In recent operational and strategic developments, First Equity Modaraba has undertaken significant restructuring to streamline its business model and focus resources on core capital market and financial services. In late 2025, the company approved the complete disposal and sale of the physical assets of its wholly owned subsidiary Equity Textiles Limited, including the land, industrial buildings, spinning plant machinery, and allied equipment located in Nooriabad, Sindh, marking a major strategic divestment away from textile manufacturing in order to optimize balance sheet efficiency and consolidate its financial brokerage operations.