Karachi: Interloop Limited has announced a recent transaction involving shares held by high-level insiders, complying with Pakistan Stock Exchange (PSX) regulations. This transaction involved Tariq Rashid Malik, an executive of the company, who sold 50,000 shares.

On September 18, 2024, Tariq Rashid Malik executed the sale of shares in the "Ready" market category, as recorded by the Central Depository Company (CDC). The shares were sold at a rate of PKR 72.68 each. Following this transaction, Malik's cumulative holdings in Interloop Limited have decreased to 18.135 million shares, which represents a 1.29% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), this disclosure falls under PSX Regulation 5.6.4, which mandates the reporting of transactions by directors, chief executive officers, executives, substantial shareholders, and their families. Such disclosures are crucial for maintaining transparency in the trading activities of company insiders and ensuring that all stakeholders are adequately informed about significant changes in shareholdings.