Karachi: In a recent disclosure, Dosslani Securities Private Limited, identified as a substantial shareholder in First IBL Modaraba, executed a transaction involving a notable sale of shares. This information comes under the mandate of PSX Regulation 5.6.4, which requires the disclosure of interests by relevant persons holding company shares. The transaction, which took place on February 27, 2025, has been duly reported.

According to the details, Dosslani Securities Private Limited sold 1,425,764 shares at a rate of 0.10, altering its cumulative shareholding to 3,570,000 shares. This adjustment represents a cumulative percentage standing at 16.46% of the total shares of First IBL Modaraba.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining transparency and informing stakeholders about significant changes in shareholding patterns. The transaction was conducted in the designated market category of NDM with the shares being held in CDC form.

The disclosure underscores the regulatory framework governing share transactions to ensure accountability and transparency within the market, reflecting the continuous adherence to PSX regulations by substantial shareholders like Dosslani Securities Private Limited.