FIRST ELITE CAPITAL MODARABA
Managed By:
CRESCENT MODARABA MANAGEMENT COMPANY LIMITED
EF•FEC3 /Cfi/197 December J2, 2025
Hafez Maqsood Munshi
Unit Head-Listed CO panics Compliance Regulatory Affairs Department
tuiision Stock Exchange Limited Stock Exchange Bu'Nding
Stock Exchange Road
Unzzsuol Placement in Price of the cezYificates
okFirst Elite Capital Modaraba ("FKCM"1
Dear Sir,
This is with reference to your fetter No.PSX7Gen-2166 dated December 11, 202$ on the subject
We would like to inform you that we are not aware of any exact reasonfor recent surge in the
p*!'•• Of Certiflmates of first Elite C*p'•*l Modaraba. Zfowever, an ostensible reasonfor recent increase in the p**'•• Of Modaraba Certiflu::ates ai•p•ars to be the purchasHsale of certificates (commencingfrom October 09, 202$ to December 11, 2025) byfollowing directors and one of
the certificate holders of the Modaraba.
Name of Persons | Nature of Trades | Quantity |
Mr. Muhammad JavedAmin, Now-Executive Director | Safe | 264,13S |
Mr. Ghazanfar Farrokh,hon-Execufrr' e Director | Purchase | 500 |
Mr. Ghazanfar Farrokh, Non-Executive Director | Sale | 1$,800 |
Mrs. Ayesha Aslam, Spouse of Sheikh Muhammad Ali Asia Independent Director | Safe | 130 |
Mr. Nauman Rathore, Substantial certifuzate holder | Purchase | 10,000 |
In this regard, it may be mentioned here that we, earlier, disclosed the said information through PHCARS.
Sincerely
For First Elite Cap'Hal Modaraba
Managed by Crescent Modaraba Management ** p**X**«*-