Karachi: Packages Limited has disclosed a notable transaction involving the acquisition of company shares by one of its high-ranking executives. This disclosure aligns with the requirements set forth under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates transparency concerning share transactions executed by significant stakeholders within the company.

According to the official statement, Syed Hyder Ali, who serves as an Executive Director at Packages Limited, recently executed a purchase of company shares. The transaction was carried out on May 5, 2025, through the Central Depository Company (CDC) in the ready market. Syed Hyder Ali acquired a total of 3,618 shares at a rate of 486.90 per share.

The cumulative number of shares held by Syed Hyder Ali following this transaction has now reached 4,877,977, representing a cumulative percentage of 5.46% of the company's total shares. This purchase reflects an incremental increase in the executive's stake in the company, consolidating his position as a substantial shareholder.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are significant as they provide insights into the confidence levels of key stakeholders regarding the company's future prospects. The market category in which this transaction was executed is indicative of the company's operational scale and financial performance.

The disclosure of this transaction is part of the company's commitment to regulatory compliance and transparency, ensuring that investors and stakeholders are informed about the movements and decisions of its key executives and substantial shareholders.