Karachi: A recent transaction has been reported involving the sale of shares by a non-executive director of International Knitwear Limited, as per the company's disclosure of interest under the Pakistan Stock Exchange (PSX) regulations.

On October 21, 2026, Waseem Shafi, a non-executive director, executed a sell transaction of 2,000 shares in the company. These shares were sold in the ready market at a rate of 99.81 each. The transaction has resulted in a cumulative holding of 54,912 shares, representing a 0.56% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), the sale represents a minor move in terms of percentage change in ownership. This transaction was disclosed in accordance with PSX Regulations 5.6.1.(d), which mandates transparency for transactions executed by directors, CEOs, executives, their spouses, and substantial shareholders.

The designated market category for this transaction is the ready market, which is a key segment where shares are available for immediate delivery and payment. The disclosure, dated October 22, 2026, ensures that stakeholders are informed about significant transactions by company insiders, thereby maintaining market integrity and investor trust.