Karachi: Kohat Textile Mills Limited experienced a notable shift in shareholder activity, as disclosed in recent transactions by a key company figure. On July 3 and 4, Javed Saifullah Khan, a non-executive director, executed a series of sales involving company shares.

According to the company's disclosure under the Pakistan Stock Exchange regulation 5.6.4, Khan conducted two separate transactions involving the sale of company shares. On July 3, he sold 3,202 shares at a rate of 88.16 per share, resulting in a cumulative holding of 26,102 shares, reflecting a minor move in his shareholding percentage.

The following day, on July 4, Khan proceeded with another sale, this time offloading 22,102 shares at a rate of 83.52 per share. This transaction left him with a remaining 4,000 shares, marking a big move in his standing as a shareholder.

These transactions are part of Kohat Textile Mills Limited's regulatory compliance with the PSX, ensuring transparency in the dealings by directors and substantial shareholders. According to information available from the Pakistan Stock Exchange (PSX), these sales signify a reduction in Khan's shareholding percentage but maintain regulatory disclosure standards.

Kohat Textile Mills Limited operates within the designated market category of textiles, a sector closely watched for its impact on the broader economic landscape. As the company navigates these internal changes, stakeholders will be monitoring the implications for future corporate strategies and market performance.