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Karachi, A recent transaction involving shares of First Elite Capital Modaraba was executed by Muhammad Javed Amin, a Non-Executive Director of the company. According to information available from the Pakistan Stock Exchange (PSX), on May 30, 2024, Muhammad Javed Amin purchased 1,000 shares at a rate of 4.34 PKR per share through the Central Depository Company (CDC) in the ready market.
This transaction will be presented and discussed at the upcoming board meeting, where any non-compliance issues, if found, will be highlighted as mandated by clause No. 5.6.1.(d) of PSX Regulations. The company has confirmed that if the holding period for these transactions is less than six months, any profit gained will be reconciled with a cheque deposited to the Securities and Exchange Commission of Pakistan (SECP), in accordance with Section 105 of the Securities Act, 2015, and duly reported to the PSX.