Karachi: In a significant transaction reported to the Pakistan Stock Exchange, Crescent Star Insurance Limited has sold 3,033,000 shares of Bawany Air Products Limited. According to the disclosure submitted under PSX Regulation 5.6.4, this sell-off was conducted on August 17, 2026, with each share being traded at a rate of 31.3. This transaction leaves Crescent Star Insurance with a cumulative shareholding of 668,844 shares, accounting for 8.91% of the total shares.

According to information available from the Pakistan Stock Exchange (PSX), the sell-off represents a very large or significant move in the market, given the substantial number of shares involved. The disclosure, dated August 19, 2026, was made in compliance with the regulatory requirements for transparency in shareholding transactions by key stakeholders of a listed company.

The designated market category for this transaction is NDM (Negotiated Deal Market), which is typically used for large-volume trades executed directly between parties. The transaction follows the requirements for disclosure of interests by directors, executives, and substantial shareholders, ensuring market participants are informed of significant changes in company ownership.

This development occurs as Bawany Air Products Limited continues to navigate the market dynamics, with its stakeholders closely monitoring the impact of such substantial share movements.