⚡ Flash Summary

B.F. Modaraba (BFMOD) responded to the Pakistan Stock Exchange’s (PSX) inquiry regarding unusual price or volume movement in its certificates. The company stated that its management is unaware of any specific matter, development, or material information that could have caused the unusual market activity during the preceding period. This response is in accordance with Section 97 of the Securities Act, 2015 and clause 5.6.3 of PSX Regulations, which require listed companies to address such inquiries promptly. The PSX had observed unusual movement in BFMOD’s certificate prices and requested clarification to ensure transparency for investors.

📌 Key Takeaways

• 🚨 BFMOD responded to PSX inquiry (Ref No. PSX/ Gen-1932 dated October 29, 2025) regarding unusual price/volume movement.
• 🗓️ Response issued October 30, 2025.
• 🏢 BFMOD management stated they are unaware of any specific cause for the unusual market activity.
• 📜 Response adheres to Section 97 of Securities Act, 2015 and PSX Regulation 5.6.3.
• 🔍 PSX observed the unusual price movement in BFMOD’s certificates.
• ℹ️ BFMOD was asked to furnish sufficient information to clarify the position in terms of PSX Regulation 5.6.3.
• ✉️ Response was sent to Mr. Hafiz Maqsood Munshi at PSX.
• 🏢 BFMOD is managed by E.A. Management (Pvt.) Ltd.
• 📍 BFMOD’s registered office is located in Karachi, Pakistan.
• 🌐 BFMOD encourages feedback via email at feedback@bfmodaraba.com.pk.
• 🌐 BFMOD’s website is www.bfmodaraba.com.pk.
• 📞 Contact UAN: (92-21) 111-229-269 for inquiries.
• 📠 Fax number is (92-21) 34322864.

🎯 Investment Thesis

Based on the limited information provided, a HOLD recommendation is appropriate. The announcement itself is neutral, as it simply addresses a regulatory inquiry. Further analysis of BFMOD’s financial performance and market conditions would be required to make a more informed investment decision.