Karachi, In recent disclosures to the Pakistan Stock Exchange (PSE), a series of share transactions by executives of listed companies have been made public in accordance with regulation 5.6.1.(d) of the PSX Regulations. The disclosures highlight the selling of shares by company directors, CEOs, executives, their spouses, and substantial shareholders.

An unidentified person described only as "Name of Person (Description)" reported selling 15,000 shares on March 14, 2024, at a rate of 80.17 per share. The shares, ready for market, were transacted through the CDC, marking a significant move in the listed company's shareholding dynamics.

Ms. Shar Bano, a General Manager (Executive) at another listed entity, executed multiple sales on April 1, 2024, disposing of shares at varying rates. The transactions included 999 shares at 105.70 each, 500 shares at 105.30 each, 1,000 shares at 105.40 each, and a single share at 105.70. All trades were conducted through the CDC in the ready market, indicating active trading by the executive.

The Pakistan Stock Exchange has confirmed that these transactions will be reviewed in the forthcoming board meeting, with any non-compliances to be addressed as mandated by clause No. 5.6.1.(d) of the PSX Regulations. Furthermore, the exchange noted that the holding period for these transactions exceeds six months, ensuring compliance with Section 105 of the Securities Act, 2015. In cases where transactions fall within a six-month period, profits are to be surrendered to the Securities and Exchange Commission of Pakistan (SECP) as a measure against speculative trading.