First Elite Capital Modaraba Executive Purchases Shares, To Be Discussed in Upcoming Board Meeting

Karachi, A recent transaction on the Pakistan Stock Exchange (PSE) involves Muhammad Javed Amin, a non-executive director at First Elite Capital Modaraba, who purchased 3,500 shares at a rate of PKR 4.03 per share on May 9, 2024. The shares were acquired in a ready form from the Central Depository Company (CDC).

The company has stated that this transaction will be presented at the subsequent board meeting. Any non-compliance identified will be duly highlighted and considered as required under clause No. 5.6.1.(d) of PSX Regulations. Additionally, the company confirmed compliance with the Securities Act of 2015, noting that if the holding period for the transaction is less than six months, the equivalent profit will be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated.