Karachi: AGP Limited has disclosed recent share transactions executed by one of its executives, Mr. Sajid Qadeer, under Pakistan Stock Exchange (PSX) Regulation 5.6.4. According to the company”s official communication, Mr. Qadeer increased his shareholding in the company with two separate transactions in late January 2024.

On January 28, 2024, Mr. Qadeer purchased 300 shares at a rate of 181.30 per share, bringing his cumulative shareholding to 300 shares, which reflects a percentage of 0.0001. The following day, January 29, 2024, he acquired an additional 180 shares at a rate of 178.70 per share. This transaction increased his total shareholding to 480 shares, representing a percentage of 0.0002.

These transactions were executed in the Central Depository Company (CDC) market category, which is designated for ready market transactions. According to information available from the Pakistan Stock Exchange (PSX), the disclosure of interest by relevant persons holding company shares is a mandatory requirement under the PSX Regulation 5.6.4, ensuring transparency and accountability in share dealings by company insiders.

The management of AGP Limited has fulfilled its obligation by communicating these transactions to the TRE Certificate Holders of the Exchange. This disclosure underscores the company”s commitment to maintaining transparency in its financial and operational dealings, as prescribed by the governing regulations of the Pakistan Stock Exchange.

As of now, Mr. Sajid Qadeer”s share acquisitions in January 2024 represent a minor portion of AGP Limited”s total shareholding structure, yet such disclosures remain significant for stakeholders and market participants monitoring insider activities within the company.