Karachi: The Pakistan Stock Exchange (PSX) has issued a formal inquiry to First Tri-Star Modaraba (FTSM) following unusual fluctuations in the price of its certificates. The inquiry was initiated under Section 97 of the Securities Act, 2015, in conjunction with PSX Regulation 5.6.3, which mandates listed companies to disclose pertinent information if significant trading anomalies are observed.

The report, dated August 18, 2026, highlights that FTSM is required to provide clarification regarding the irregular movements in its certificate prices. As per regulations, companies must either disclose any relevant developments influencing such movements or affirm the absence of any such developments.

According to information available from the Pakistan Stock Exchange (PSX), the certificate prices of FTSM exhibited notable fluctuations during the recent period. The PSX has emphasized the necessity for FTSM to release any material or price-sensitive information that could impact certificate prices or trading volumes. This information must be disseminated promptly through the PSX's Publicly Available Unpublished Company Announcements Reporting System (PUCARS) to ensure market transparency.

FTSM has been advised to furnish adequate information explaining the observed price movements in accordance with PSX Regulation 5.6.3. The PSX's directive underscores the importance of timely and accurate disclosures by listed entities to maintain investor confidence and market integrity within the designated market category.