Karachi: First Elite Capital Modaraba has disclosed recent share transactions involving the spouse of one of its independent directors. The transactions were executed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the disclosure of interests by directors, executives, substantial shareholders, and their immediate family members.

The transactions, dated May 15 and May 16, 2025, involved Ayesha Aslam, the spouse of Sheikh Muhamad Ali Asif, an independent director of the company. On May 15, Ayesha Aslam purchased 10 shares at a rate of 19.55 per share. The following day, she acquired an additional 10 shares, this time at a rate of 19.70 per share. These transactions brought her cumulative shareholding in the company to 100 shares, representing a cumulative percentage of 0.00% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), the transactions were carried out in the 'Ready' market category, with the shares held in the Central Depository Company (CDC) form. This disclosure is part of the regulatory requirements aimed at ensuring transparency and accountability in shareholding activities involving key company figures and their relatives.

The Pakistan Stock Exchange enforces Regulation 5.6.4 to maintain a level of transparency in the market, requiring timely disclosures of share transactions by individuals closely associated with the companies. This allows investors and stakeholders to have a clearer understanding of the shareholding dynamics and potential influences within a company.