Karachi: First Paramount Modaraba, a prominent entity in the financial sector, has recently disclosed a transaction involving a substantial certificate holder, Asif Nathani. The transaction, reported on June 1, 2026, highlights the purchase of 10,000 shares at a rate of 13.46 per share, which was executed on May 29, 2026.
According to information available from the Pakistan Stock Exchange (PSX), Asif Nathani, who is recognized as a substantial certificate holder, increased his cumulative shareholding to 1,783,575 shares, representing a 12.94% stake in the Modaraba. This transaction marks a big move with respect to the cumulative shareholding percentage.
The transaction will be discussed in the forthcoming board meeting, where any non-compliance issues, if present, will be addressed as stipulated under clause No. 5.6.1.(d) of the PSX Regulations. The company has confirmed that details of the transaction will be conveyed to the market participants as per regulatory requirements. The transaction falls under the designated market category of disclosure of interest by substantial shareholders, as outlined by PSX guidelines.