Karachi: First Elite Capital Modaraba has announced a significant transaction involving one of its substantial shareholders, Nauman Rathore. The disclosure, made in accordance with Pakistan Stock Exchange (PSX) Regulation 5.6.4, pertains to the buying of shares by Rathore, his spouse, and minors, marking a notable event in the company's trading activities.

On January 27, 2025, Nauman Rathore executed a purchase of 14,920 shares at a rate of 6.33 per share in the ready market. This transaction has resulted in Rathore's cumulative shareholding in First Elite Capital Modaraba reaching 4.43 million shares, representing a 39.05% stake in the company. The transactions were recorded in the Central Depository Company (CDC) form of share certificates.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are part of standard regulatory requirements designed to maintain transparency and inform the market of significant movements in shareholdings by key individuals associated with a company. This move is crucial for stakeholders and potential investors, offering them insights into the confidence and strategic intentions of substantial shareholders like Rathore.

The designated market category for this disclosure is the ready market, which indicates an immediate buying and selling environment, contrasting with futures or forward markets where transactions are planned for a later date. This transaction further consolidates Rathore's position as a substantial shareholder in First Elite Capital Modaraba, reflecting ongoing interest and potential long-term commitment to the company's future prospects.