Lahore: A significant board meeting of the Crescent Modaraba Management Company Limited, the manager of First Elite Capital Modaraba, has been scheduled for October 25, 2024, in Lahore. The primary agenda for this gathering will be to review the Quarterly Accounts for the period ending on September 30, 2024.

The company has initiated a "Closed Period" starting from October 18, 2024, until the meeting day on October 25, 2024. This period is in compliance with Clause 5.6.1(d) of the PSX Regulations, during which no director, CEO, or executive is permitted to buy or sell Modaraba Certificates, either directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), the enforcement of such a closed period is standard practice to prevent any insider trading that could occur based on the yet-to-be-disclosed financial figures. This protocol ensures that all stakeholders in the financial market operate on a level playing field, reflecting a commitment to transparency and fairness in financial communications.

Stakeholders, including TRE Certificate Holders, have been duly informed about these developments to maintain compliance and ensure transparency ahead of the upcoming financial disclosures.