Karachi: Dosslani Securities Private Limited, a substantial shareholder of First IBL Modaraba, has disclosed the sale of 2,000,000 shares, according to a statement under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transaction was executed on May 6, 2025, at a rate of 0.10 per share.

The disclosure, adhering to regulations that mandate transparency in transactions by directors, CEOs, executives, and substantial shareholders, detailed that the sale was conducted in the Negotiated Deal Market (NDM). This transaction leaves Dosslani Securities with a cumulative holding of 1,570,000 shares, representing 7.24% of the total shareholding in First IBL Modaraba.

According to information available from the Pakistan Stock Exchange (PSX), First IBL Modaraba is categorized under the market category of Modaraba Companies, which are known for providing a range of financial services. This transaction is significant in the context of shareholding dynamics within the company and highlights the ongoing activity and interest in the Modaraba sector.

The disclosure is part of a broader regulatory framework aimed at ensuring transparency and maintaining investor confidence in the market by keeping stakeholders informed about significant changes in shareholding patterns.