Karachi: First Elite Capital Modaraba ("FECM") is currently under scrutiny by the Pakistan Stock Exchange (PSX) due to observed unusual movements in the price of its certificates. According to information available from the Pakistan Stock Exchange (PSX), these fluctuations were noted during the recent trading period, prompting regulatory oversight.

Under the Securities Act, 2025, and PSX Regulation 5.6.3, FECM is mandated to promptly provide clarity to the public regarding these movements. The company must either detail any known matters or developments that could have influenced the price changes, or issue a statement confirming that it is unaware of any such circumstances.

This directive aims to ensure market transparency and protect investors by ensuring that all significant information related to price-sensitive movements is disclosed promptly. FECM is expected to submit the required information through the Public Unlisted Company Automated Reporting System (PUCARS), to address the regulatory concerns and maintain investor confidence in its financial instruments.