Mr. Hafiz Maqsood Munshi
Unit Head
Listed Companies
Compliance Department - RAD Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road
Karachi
Februa ry 04, 2026
Subject UNUSUAL MOVEMENT IN PRICE OR VOLUM E IN THE CERTIFICATES OF M/S. FIRST IBL MODARABA f FEBLM
Dear Sir,
Please refer Lo your letter No. PSX/GEN-176 dated February 03, 2026 on the subject.
It is submitted that neither the Company i. e. First IBL Nodaraba (FIBLM) has decided to undertake any project or nor there is any other development that may impact the share price of the FIBLM, we understand that this is a clear case of manipulation from some market participants as price of the share has increased significantly.
Thanking you Yours truly,
Mu ammad Ibrahim Butt Chief Financial Officer
CC: The Executive Director (USD) - SECP