Karachi: First IBL Modaraba has disclosed a significant transaction involving its Executive Director, Ibrahim Hasan Murad, as outlined in compliance with Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transaction, which took place on July 23, 2025, involved the purchase of 1 million shares by Mr. Murad through the Central Depository Company (CDC) in the Negotiated Deal Market (NDM).

The nature of this transaction has been classified as a Very large or significant move, reflecting the acquisition's impact on the executive's cumulative shareholding in the company. With this purchase, Mr. Murad’s cumulative shareholding now stands at 6.36 million shares, which constitutes 29.32% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are crucial for maintaining transparency and regulatory compliance, ensuring stakeholders are informed of significant changes in shareholding by key company figures. The designated market category for First IBL Modaraba is the financial services sector.

This increase in shareholding by an executive director emphasizes the managerial confidence in First IBL Modaraba's strategic direction and financial health, potentially influencing investor sentiment and market perception.