First Credit and Investment Bank Says It Is Unaware of Any Material Information Behind Share Price Movement
Karachi, November 6, 2026: First Credit and Investment Bank Limited (FCIBL) has informed the Pakistan Stock Exchange (PSX) that it is not aware of any material or price-sensitive information that could have contributed to the unusual movement in the price or trading volume of its shares.
In a communication dated November 3, 2026, addressed to the Pakistan Stock Exchange, the bank responded to a letter issued on November 2, 2026, under reference number PSX/Gen-1297, concerning unusual movements in the trading activity of its shares.
The bank stated that, in accordance with Section 97 of the Securities Act, 2015, and Clause 5.6.3 of the PSX Regulations, it had no knowledge of any material information that may have caused or is likely to have contributed to the unusual movement in its share price or trading volume.
FCIBL further reaffirmed its commitment to fulfilling all applicable regulatory obligations, particularly those relating to the timely dissemination of material information. The bank also assured the exchange that it would continue to maintain compliance with relevant regulatory requirements.
The clarification was signed by Muhammad Amin Khatri, Company Secretary of First Credit and Investment Bank Limited.
The bank’s response provides clarification to the stock exchange regarding the unusual trading activity, while indicating that management is not aware of any undisclosed material development that could explain the movement in its shares.