Karachi: The Popular Islamic Modaraba Management Company (Private) Limited has announced a "Closed Period" starting from September 23, 2026, to September 30, 2026. This period coincides with the upcoming Board of Directors meeting scheduled for September 30, 2026, at the company's Head Office in Karachi. The meeting aims to review the financial statements for the fiscal year ending June 30, 2026, and to evaluate the declaration of any entitlements.

During the Closed Period, the company has enforced restrictions under clause 5.6.4 of the PSX Regulation. Accordingly, no Director, CEO, or Executive will be allowed to directly or indirectly engage in transactions involving the certificates of the Popular Islamic Modaraba. This measure ensures compliance with regulatory requirements and maintains market integrity.

According to information available from the Pakistan Stock Exchange (PSX), the implementation of a Closed Period is a standard practice among listed companies to prevent insider trading ahead of significant financial disclosures. The Popular Islamic Modaraba Management Company has communicated this period to the TRE Certificate Holders of the Exchange to ensure transparency and adherence to market regulations.

The financial outcomes from the Board meeting will be closely monitored by investors and stakeholders, given their potential impact on the company's operational and financial strategies.