⚡ Flash Summary

On October 8, 2025, Trust Modaraba disclosed that Mr. Etrat Hussain Rizvi, an independent director, sold 500 shares of the company’s certificates on October 7, 2025, at a rate of PKR 46.0 per share. The transaction was executed via CDC in the ready market. Following this sale, Mr. Rizvi’s cumulative shareholding in Trust Modaraba has become Nil.

📌 Key Takeaways

• 📅 Transaction Date: October 7, 2025
• 🧑‍💼 Individual Involved: Mr. Etrat Hussain Rizvi, an independent director
• 🏢 Company: Trust Modaraba
• 📉 Nature of Transaction: Sale of shares
• 📜 Form of Certificates: CDC
• Market: Ready Market
• Share Volume: 500 shares
• 💰 Sale Rate: PKR 46.0 per share
• 📉 Change in Shareholding: Mr. Rizvi’s cumulative shareholding is now Nil
• ℹ️ Disclosure Date: October 8, 2025
• Regulatory Compliance: Transaction reported under PSX Regulations 5.6.1.(d)

🎯 Investment Thesis

HOLD. This disclosure, while informative, does not provide sufficient basis to change the investment recommendation. Further observation of director transactions and company performance is warranted before making any decision.