Karachi: Yunus Textile Mills Limited has executed a notable transaction involving the sale of shares in Lucky Core Industries Limited, according to a disclosure on September 9, 2025. This transaction is set to be reviewed in an upcoming board meeting as per regulatory requirements.
The transaction, dated September 8, 2025, involved the sale of 152,000 shares at a rate of 312.57 per share. The shares were sold in the Central Depository Company (CDC) format on the ready market. This sale contributes to a cumulative total of 54.06 million shares, representing 11.71% of the total shares in Lucky Core Industries.
According to information available from the Pakistan Stock Exchange (PSX), the transaction will be discussed in an upcoming board meeting as stipulated by clause No. 5.6.4 of the PSX Regulations. The nature of this transaction signifies a very large or significant move in the context of the market category.
Yunus Textile Mills Limited’s decision to sell a considerable portion of its holdings in Lucky Core Industries could have implications for both entities, as well as the broader market environment. The outcome of the board meeting and any subsequent decisions will be closely watched by market participants.