First Equity Modaraba (FEM)

First Equity Modaraba (FEM) is the first in the Modarabas operating in Pakistan who acquired the membership of all the three stock exchanges of Pakistan to undertake the brokerage business.On August 212002, the Securities and Exchange Commision of Pakistan (SECP) has granted the license to FEM to carry out stock exchange transactions. Thereafter, from September 2002 FEM commenced full-fledged brokerage operation from the Karachi Stock Exchange.During this period FEM developed a good clientele of corporate and individual clients.