Karachi: First Florance Developers (Pvt.) Limited, a substantial shareholder in First National Equities Limited, has executed a significant transaction involving the sale of shares, as disclosed under Pakistan Stock Exchange (PSX) Regulation 5.6.4. This disclosure, dated June 18, 2026, outlines the recent sale activity involving the company's shares.

According to the information filed, First Florance Developers sold 24,720,000 shares at a rate of 1.40 per share on June 11, 2026. The transaction was conducted in the ready market. This sale has resulted in the company holding a cumulative total of 661,485,770 shares, representing a cumulative percentage of 24.75% of the company's total shares.

The market category designated for this transaction is the ready market. According to information available from the Pakistan Stock Exchange (PSX), the transaction signifies a very large or significant move in the company's shareholding structure due to the substantial volume of shares sold.

This latest development reflects the ongoing trading activities and adjustments in ownership stakes within First National Equities Limited, highlighting the dynamic nature of the company's shareholding landscape.