Karachi: The Pakistan Stock Exchange (PSX) has flagged unusual price movements in the certificates of First Tri-Star Modaraba (FTSM), raising questions about potential underlying factors influencing these shifts. In compliance with Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, listed companies like FTSM are mandated to disclose any significant information that could elucidate such market behaviors.

According to information available from the Pakistan Stock Exchange (PSX), there has been a notable fluctuation in the trading price of FTSM certificates during the recent period. This observation necessitates a prompt response from the company, as required by regulatory guidelines, to either reveal any pertinent developments or confirm the absence of any notable events that might have impacted the market dynamics.

Under the PSX Regulation 5.6.1, companies are obliged to swiftly communicate any material or price-sensitive information that could influence share prices or trading volumes. In light of this, FTSM has been urged to provide comprehensive details via the Pakistan Unified Corporate Action Reporting System (PUCARS) to clarify the situation to the public. This measure is intended to ensure transparency and maintain market integrity, particularly when unusual trading activities are detected.

The market participants and stakeholders now await a detailed statement from First Tri-Star Modaraba to ascertain any factors contributing to the observed market irregularities. As of the date of the report, June 30, 2026, no further information has been disclosed by the company.