Karachi: Al-Noor Fertilizer Industries Limited has increased its investment in Shahmurad Sugar Mills Ltd., as disclosed in a report dated October 5, 2026. The transaction details reveal a strategic move by the associated company to enhance its holdings in the sugar industry.

On September 29, 2026, Al-Noor Fertilizer Industries purchased 10,000 shares of Shahmurad Sugar Mills at an average rate of Rs. 340.50 per share, bringing its cumulative shareholding to 570,000 shares, representing a 2.70% stake. This was followed by an additional acquisition on September 30, 2026, of 30,000 shares at the same average rate, increasing its cumulative holdings to 600,000 shares, or a 2.84% stake.

According to information available from the Pakistan Stock Exchange (PSX), the transactions mark a very large or significant move in Al-Noor Fertilizer Industries' investment strategy within the designated market category of sugar production. The acquisitions underscore the company's intention to strengthen its position and influence in Shahmurad Sugar Mills Ltd.

This development is expected to be closely watched by market analysts and investors, given the potential implications for both companies involved.