Karachi: The Pakistan Stock Exchange (PSX) has reported an unusual movement in the price of the certificates of First Equity Modaraba (FEM) during the preceding period, triggering compliance requirements under the Securities Act, 2015 and specific PSX regulations. This notice was issued on October 29, 2025.

In accordance with Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations, listed companies are mandated to respond promptly by either disclosing any relevant matter or development that could explain such unusual movements or stating that they are unaware of any such factors.

The PSX has specifically highlighted the unusual movement in the price of FEM certificates, underscoring the necessity for First Equity Modaraba to clarify any underlying reasons. According to information available from the Pakistan Stock Exchange (PSX), the regulation aims to ensure transparency and protect investor interests by requiring timely disclosure of material or price-sensitive information that could impact the trading volume or price of shares.

First Equity Modaraba is expected to provide sufficient information to clarify its position regarding the recent unusual price movement of its certificates. This clarification is to be disseminated publicly in accordance with PSX Regulation 5.6.3. The dissemination process is facilitated through PUCAR, ensuring that all relevant information reaches the public promptly.

The designated market category for this announcement remains the Pakistan Stock Exchange, which continues to observe and regulate trading activities to maintain market integrity.