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Karachi, Significant share transactions were reported at First Elite Capital Modaraba, According to information available from the Pakistan Stock Exchange (PSX). On May 24, Nauman Rathore, identified as a substantial shareholder, purchased 268,500 shares at a rate of Rs 3.93 per share. Additionally, Muhammad Javed Amin, serving as a Non-Executive Director, acquired 2,500 shares at a price of Rs 4.10 per share. Both transactions involved shares listed as “Ready” and held in the Central Depository Company (CDC).
These transactions will be reviewed in the upcoming board meeting, with a focus on any potential non-compliance with PSX Regulation clause No. 5.6.1.(d). The company also confirmed adherence to regulatory requirements concerning the holding period for share transactions, which mandates a profit return to the Securities and Exchange Commission of Pakistan (SECP) if shares are sold within six months.