Karachi: The Pakistan Stock Exchange (PSX) has reported an unusual movement in the price of the certificates of First IBL Modaraba ("FIBLM"), prompting a requirement for disclosure under Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations. This observation necessitates FIBLM to disclose any pertinent information that might explain the irregular trading patterns or to affirm the absence of such developments.

On February 3, 2026, the PSX observed that the price of FIBLM certificates had experienced significant volatility. This has triggered regulatory requirements for FIBLM to provide sufficient information to clarify its position regarding these unusual price movements.

According to information available from the Pakistan Stock Exchange (PSX), listed companies like FIBLM are mandated to swiftly disclose any material or price-sensitive information that could impact the price or volume of their shares. This obligation is part of the broader regulatory framework to ensure transparency and protect investor interests.

In response to the PSX's observations, FIBLM is tasked with disseminating relevant information through PUCARS to maintain public awareness and compliance with the PSX Regulation 5.6.3. The designated market category for FIBLM is expected to address these concerns promptly, thereby meeting the exchange's standards for disclosure and accountability.