Karachi: First Elite Capital Modaraba has disclosed a series of share transactions executed by its non-executive director and an independent director’s spouse, as required under the regulations of the Pakistan Stock Exchange (PSX). The company detailed the sales in a recent filing dated December 3, 2025.

According to the disclosure, Muhammad Javed Amin, a non-executive director, executed two separate sales of shares. On December 1, 2025, Amin sold 9,397 shares, resulting in a cumulative shareholding percentage of 3.98. This was followed by an additional sale of 30,000 shares on December 2, 2025, adjusting his cumulative percentage to 3.71. The sales fall under the ‘ready’ market category and were conducted without a specified rate.

Additionally, Ayesha Asiam, identified as the spouse of Sheikh Muhammad Ali Asif, an independent director, sold 130 shares on December 1, 2025. The transaction was executed at a rate of 27.000 per share, resulting in no change in her cumulative percentage, which remains at 0.00.

According to information available from the Pakistan Stock Exchange (PSX), these transactions require immediate reporting to the company’s board of directors and must adhere to specific regulatory frameworks. The disclosure highlights the obligation of the company to update the Unified Identification Number (UIN) Management System promptly following these share dealings.

The PSX mandates that the transactions conducted by directors, CEOs, or substantial shareholders, including their spouses and minors, must be documented and presented at the subsequent board meeting. Furthermore, should the holding period of these shares be less than six months, the profit derived is required to be deposited with the Securities and Exchange Commission of Pakistan (SECP) as per the Securities Act, 2015.

The company’s disclosure underscores its compliance with PSX Regulation 5.6.4, ensuring transparency and accountability in the trading activities of its key personnel and their immediate family members.