Karachi: EFU Life Assurance Ltd has disclosed a significant transaction by one of its directors under the regulatory framework mandated by the Pakistan Stock Exchange (PSX).

On September 26, 2024, Mr. Saifuddin N. Zoomkawala, a Non-Executive Director at EFU Life Assurance, sold 3,000 shares of the company at a price of PKR 174.43 per share. According to information available from the Pakistan Stock Exchange (PSX), the transaction was processed through the Central Depository Company (CDC) on the ready market.

Following this sale, Mr. Zoomkawala's total holdings in EFU Life Assurance stand at 560,399 shares, constituting 0.53% of the company’s shares. This action is part of the routine financial disclosures required by PSX Regulation 5.6.4, which aims to ensure transparency in the financial dealings of significant shareholders and key management personnel within listed companies.

This type of disclosure is essential for maintaining investor confidence and market integrity, providing shareholders and potential investors with clear insights into the trading activities of major insiders within the company.