Karachi, First Equity Modaraba informed Pakistan Stock Exchange about transaction of shares of the company. 5,000 shares @ Rs. 6.50 per share were bought from the market on July 13, 2021 through CDC.
First Equity Modaraba (FEM) is managed by Premier Financial Services (Private) Limited, derives its board from the Crescent Group. 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 21, 2002, 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.
The symbol “FEM” is being used by the stock exchange for the shares of First Equity Modaraba.