Karachi, According to information available from the Pakistan Stock Exchange (PSX), a transaction involving the purchase of shares by Muhammas Javed Amin, a Non-Executive Director at First Elite Capital Modaraba, occurred on May 13, 2024. The shares were acquired at a rate of 4.11 per share, with a total of 500 shares purchased in the ready market through the CDC system.

The transaction will be reviewed in the upcoming board meeting as mandated by clause No. 5.6.1.(d) of PSX Regulations. The board will address and duly highlight any non-compliances and confirm their considerations. It has also been confirmed that the holding period for these transactions is over six months. If it were under six months, the cheque equivalent to the profit would be required to be deposited with SECP, as per Section 105 of the Securities Act, 2015, with a notification to PSX.