Karachi: First Capital Securities Corporation Ltd has officially disclosed a significant share acquisition by its director, Mr. Shehryar Ali Taseer, in a transaction that aligns with the PSX Regulations. On September 16, 2024, Mr. Taseer purchased 2.945 million shares of the company at a rate of PKR 2.72 per share through the Central Depository Company (CDC).

This transaction has increased Mr. Taseer’s total holdings in the company to 5.335 million shares, representing a 1.69% stake. According to information available from the Pakistan Stock Exchange (PSX), this disclosure is part of the compliance with regulation 5.6.4, which mandates transparency concerning trades by relevant persons to prevent any potential conflicts of interest or insider trading.

The company has announced that this transaction will be reviewed in the upcoming board meeting, where any potential non-compliance issues will be addressed as required under the same PSX regulation. This proactive disclosure is intended to maintain fairness and transparency in dealings that could impact the company’s stock price.