Karachi: The management of B.F. Modaraba has addressed recent unusual movements in the price of its certificates, as observed by the Pakistan Stock Exchange (PSX). According to a statement dated December 16, 2025, from E.A. Management (Pvt.) Ltd, the Modaraba's management has declared no knowledge of any matter or development that could account for the observed fluctuations.

The PSX, in a communication referencing letter Ref No. PSX/ Gen-2180 dated December 15, 2025, highlighted the unusual price movements of B.F. Modaraba certificates. In compliance with Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations, listed companies are required to disclose any relevant matters or developments that might elucidate such market behaviors.

According to information available from the Pakistan Stock Exchange (PSX), the Modaraba's management reiterated their lack of awareness regarding any material information or developments that could have resulted in the observed unusual price movement. As stipulated by PSX Regulation 5.6.1, companies are obliged to promptly disclose any material or price-sensitive information likely to impact the price or volume of their securities.

In response to the PSX's observations, B.F. Modaraba has been advised to furnish any available information to clarify its position regarding the unusual price movements. The company has been urged to utilize the PUCARS system for timely public dissemination of information, ensuring transparency and compliance with regulatory requirements.