Karachi: In a recent disclosure made under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, First Elite Capital Modaraba announced a significant share transaction executed by one of its non-executive directors. The company, which is part of the designated market category on the PSX, reported the purchase of shares by Muhammad Javed Amin, a non-executive director, reflecting confidence in the company's potential growth and performance.

According to the transaction details, Muhammad Javed Amin acquired an additional 1,150 shares in the company at a rate of 7.00 per share. This transaction was carried out through the Central Depository Company (CDC) in the ready market on February 10, 2025. This purchase increases the cumulative number of shares held by Amin to 731,639, representing a cumulative percentage of G.45% of the total shareholdings of First Elite Capital Modaraba.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining transparency and integrity in the stock market, ensuring that all stakeholders, including investors and regulatory bodies, are informed about the trading activities of key individuals within listed companies. This transparency helps in building investor confidence and in making informed decisions based on the trading actions of individuals with significant insights into the company's operations.

The disclosure of this transaction aligns with the company's commitment to adhering to regulatory standards and emphasizes the ongoing engagement of its directors and executives in the market activities of First Elite Capital Modaraba. It highlights the importance of regulatory compliance and the proactive steps taken by the company to ensure that all relevant transactions are reported in a timely manner.