Karachi: A recent transaction involving Al-Noor Fertilizer Industries Limited, a prominent player in the fertilizer sector, has come to light through a formal disclosure from Shahmurad Sugar Mills Limited. On March 16, 2026, it was reported that Al-Noor Fertilizer Industries Limited executed a purchase of shares in Shahmurad Sugar Mills Limited, marking a strategic move within the market.

According to the disclosure, Al-Noor Fertilizer Industries Limited acquired a total of 10,000 shares at an average rate of Rs. 396.00 per share, executed through the Central Depository Company (CDC) under the ready market category. This transaction, dated March 10, 2026, has resulted in a cumulative shareholding of 32,357 shares, accounting for 0.16% of the total shares.

The acquisition is set to be reviewed in an upcoming board meeting, in compliance with clause 5.6.4 of the regulations set forth by the Pakistan Stock Exchange (PSX). According to information available from the Pakistan Stock Exchange (PSX), this transaction signifies a minor move in the company’s shareholding percentage.

The transaction details have been submitted for formal review, as required, and members of the Exchange have been duly informed of this development. The market’s response to this transaction remains to be seen as stakeholders assess its implications.