First Equity Modaraba Announces Board Meeting to Review Quarterly Accounts

Karachi: First Equity Modaraba has scheduled a board meeting on October 29, 2024, at Karachi to review and potentially declare entitlements based on their quarterly financial results ending September 30, 2024. The meeting is expected to provide updates on the company’s performance for the relevant fiscal quarter.

The company has also initiated a closed period from October 14, 2024, to October 29, 2024, according to the regulations stipulated in section 5.6.1(d) of the PSX Guidelines. During this period, no director, CEO, or executive is permitted to buy or sell company shares, whether directly or indirectly.

This preventive measure ensures compliance with fair trading practices and maintains market integrity during the sensitive period when unpublished financial results could influence stock prices. According to information available from the Pakistan Stock Exchange (PSX), this practice is standard among listed entities to prevent insider trading and promote transparency.

Shareholders and holders of the TRE certificates have been advised of the closed period, ensuring that all stakeholders are aware of the trading restrictions and the upcoming financial disclosures.

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