Karachi, First Elite Capital Modaraba informed Pakistan Stock Exchange about transaction of shares of the company. 2,000 shares @ Rs. 3.34 per share were bought from the market on November 23, 2022 through CDC.
“Crescent Modaraba Management Company Limited was incorporated under the Companies Ordinance 1984 on May 30, 1989 vide Registration No. L-01630 as a Public Limited Company. The Company floated First Elite Capital Modaraba in 1991 with an authorized Capital of Rs. 200.00 (M). The Modaraba offered shares worth Rs. 100.00 (M) to public which were oversubscribed. It is a perpetual, multipurpose and multidimensional Modaraba. Presently Modaraba has paid up Capital of Rs. 113.40 (M).
The symbol “FECM” is being used by the stock exchange for the First Elite Capital Modaraba.”