Karachi: On February 14, 2025, First Elite Capital Modaraba revealed a series of transactions executed by one of its Non-Executive Directors, Muhammad Javed Amin, under the disclosure of interest as mandated by the Pakistan Stock Exchange (PSX) Regulation 5.6.4. This announcement highlights the acquisition of additional company shares by Mr. Amin, providing insights into the trading activities of key figures within the company.

The disclosed transactions indicate that Muhammad Javed Amin, along with his connections, engaged in the purchase of shares over several days. On January 27, 2025, Mr. Amin acquired 4,000 shares at a rate of 6.32 per share. This transaction brought his cumulative shareholding to 735,639 shares, accounting for a 6.48% stake in the company. Subsequently, on February 6, 2025, he purchased an additional 1,176 shares at a slightly higher rate of 6.73 per share, raising his cumulative shares to 736,815, which represents a 6.49% stake.

Continuing his investment, on February 13, 2025, Mr. Amin bought 1,360 more shares at a rate of 7.00 per share. With this acquisition, his total shareholding increased to 738,175 shares, representing a 6.50% stake in First Elite Capital Modaraba.

According to information available from the Pakistan Stock Exchange (PSX), these transactions were conducted in the ready market under the Central Depository Company (CDC) system. The detailed reporting of these trades underscores the company’s commitment to transparency and regulatory compliance as per the PSX guidelines.

This series of transactions by a significant shareholder and Non-Executive Director highlights confidence in the company’s prospects and may influence investor sentiment in the designated market category. As the company progresses, such disclosures are crucial for maintaining investor trust and ensuring market integrity.