Karachi: The Pakistan Stock Exchange has flagged unusual activity in the trading of certificates for First Paramount Modaraba (FPRM), prompting a closer examination in line with regulatory requirements. On October 29, 2025, the PSX noted these market fluctuations and issued a directive to FPRM for a comprehensive disclosure.
According to regulations under Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, listed entities must promptly address significant price or volume changes. This involves issuing public statements either detailing any relevant developments or confirming the absence of such factors.
The PSX observed the unusual movement in the price of FPRM certificates during the recent period, necessitating a response from the company. According to information available from the Pakistan Stock Exchange (PSX), FPRM is required to clarify its position and provide sufficient information regarding the situation. This disclosure should be made through PUCARa to ensure public transparency, as stipulated under PSX Regulation 5.6.1.
As this situation unfolds, FPRM’s compliance with these regulatory requirements remains critical to maintaining market integrity and investor confidence. The market awaits further announcements from the company.