Karachi: JS Investments Limited, a prominent investment management company based in Karachi, has successfully completed a share buy-back transaction, purchasing a substantial number of its own shares on October 23, 2024.

In a formal notification addressed to the General Manager of the Pakistan Stock Exchange (PSX), JS Investments Limited confirmed the acquisition of 24,198 of its own shares at an average price of PKR 21.83 per share. According to information available from the Pakistan Stock Exchange (PSX), the transaction was conducted in compliance with Regulation 6(c) of the Listed Companies (Buy-Back of Shares) Regulations, 2019.

The notice, signed by Muhammad Khawar Iqbal, Chief Operating Officer and Company Secretary of JS Investments, detailed the specifics of the buy-back, emphasizing the company's adherence to regulatory frameworks. JS Investments has advised the Pakistan Stock Exchange to duly inform the TRE Certificate Holders of this transaction, ensuring transparency and compliance with market regulations.

This strategic move by JS Investments Limited reflects the company's ongoing efforts to enhance shareholder value and optimize its capital structure. The executed buy-back is part of a broader trend observed among listed companies in Pakistan, seeking to stabilize their share price and improve earnings per share metrics through such financial maneuvers.