Karachi: First Elite Capital Modaraba, a financial institution listed on the Pakistan Stock Exchange (PSX), has disclosed a recent transaction involving its Non-Executive Director, Shahana Javed Amin. This announcement comes as part of the company’s compliance with PSX Regulation 5.6.4, which mandates the disclosure of interest by directors, executives, and substantial shareholders.

On May 19, 2025, Shahana Javed Amin executed a sell transaction involving 3,600 shares of the company. This transaction was conducted in the ready market segment. Following this transaction, her cumulative shareholding percentage stands at 0.49%. The nature of the transaction indicates a minor move in the shareholding pattern of the company.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are required to be presented by the Company Secretary at the subsequent meeting of the Board of Directors. This procedural step ensures that all relevant stakeholders are informed of significant changes in shareholding by key personnel.

The regulatory framework also dictates that these transactions must adhere to specific holding period requirements, which stipulate that shares must be held for over six months unless otherwise specified. Additionally, during a closed period, no director, CEO, or executive is permitted to engage in share dealings, ensuring the integrity of insider trading regulations.

These details are integral to maintaining transparency and accountability within the market, as they are systematically updated in the UIN Management System, providing stakeholders with timely and accurate information.