Karachi: First Elite Capital Modaraba has disclosed share transactions executed by its non-executive director, Muhammad Javed Amin. The disclosure, made under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, provides details of the transaction involving the company’s shares.
According to the information released, Muhammad Javed Amin, who serves as a non-executive director, purchased 9,500 shares of First Elite Capital Modaraba. The shares were acquired on March 25, 2025, at a rate of 9.77 per share in the ready market. This transaction increased his cumulative holdings to 781,515 shares, representing 6.89% of the company’s total shares.
The disclosure falls under the designated market category and adheres to the necessary regulatory framework. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandated for transparency and accountability concerning share transactions by key company personnel and their associates.
This particular transaction underscores the ongoing interest and investment by company insiders in First Elite Capital Modaraba, reflecting their confidence in the company’s performance and prospects.