Karachi: Mohammad Iqbal has recently executed the sale of a substantial number of shares in First Fidelity Leasing Modaraba, as detailed in a communication addressed to the company. The transaction, which took place on August 7, 2025, involved the divestment of 115,599 shares at a rate of Rs 8 per share.

The shares were sold under the CDC account number 18432/20890, with the seller confirming all details in a formal notice sent on August 8, 2025. This sale represents a noteworthy transaction for the shareholder, who has opted to liquidate his holdings in the leasing entity.

According to information available from the Pakistan Stock Exchange (PSX), the sale of these shares is categorized under the designated market category for such transactions. The move signals a strategic decision by the shareholder, Mohammad Iqbal, who has not disclosed the rationale behind the sale.

The transaction's impact on the market and the shareholder's portfolio remains to be observed, as the sale is processed through the established mechanisms of the PSX.