Karachi: The board of directors of First Equity Modaraba will convene on October 7, 2024, to evaluate the company's financial performance for the fiscal year that ended on June 30, 2024, and to consider any potential entitlement declarations.

According to information available from the Pakistan Stock Exchange (PSX), First Equity Modaraba has instituted a closed period from September 30 to October 7, in alignment with PSX Regulation 5.6.1(d). During this period, company insiders including directors, the CEO, and executives are prohibited from trading the company's shares in any form.

This measure is designed to prevent any conflicts of interest and ensure that all shareholders are on equal footing while crucial financial decisions are being made. The TRE Certificate Holders have been notified about these compliance measures to uphold transparency and regulatory standards.