Substantial Shareholder of First Paramount Modaraba Sells Shares, Impacting Holdings

Karachi: First Paramount Modaraba today disclosed that a substantial certificate holder, Asif Nathani, executed transactions involving the sale of certificates, according to a report dated June 30, 2026.

The transactions were made public under the Pakistan Stock Exchange (PSX) disclosure regulations, specifically u/c 5.6.1.{d}. Nathani sold 13,809 shares at an average price of 13.50 per share on June 23, 2026. Subsequently, on June 24, 2026, he sold an additional 52,746 shares, maintaining the same average price of 13.50.

According to information available from the Pakistan Stock Exchange (PSX), these transactions resulted in a decrease in Nathani's cumulative shareholding from 1.65 million shares, representing 11.99%, to 1.60 million shares, now representing 11.60%. This constitutes a moderate move in his shareholding percentage.

The Modaraba has confirmed that these transactions will be reviewed in an upcoming board meeting to assess any non-compliance issues as per PSX regulations.