Karachi: Crescent Standard Modaraba informed Pakistan Stock Exchange about transaction of shares of the company. 169,000 shares @ Rs. 1.9 per share were bought from the market on June 15, 2016 through CDC and 15,500 shares @ Rs. 2 per share were bought from the market on June 16, 2016 through CDC.
Crescent Standard Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed there under. The Modaraba was initially managed by Financial Link Limited up to January 19, 2007 however the management of Modaraba transferred to Providence Modaraba Limited. During 2008, Providence Modaraba Limited merged with and into B.R.R. Investment Private Limited and since then the Modaraba is under the management of B.R.R. Investments Private Limited. It is a perpetual and multipurpose modaraba and is engaged in investing in equities and debt securities, musharaka and murabaha finance etc.
It is listed on Karachi Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.
The symbol “CSM” is being used by the stock exchange for the shares of Crescent Standard Modaraba.