Karachi: Arif Habib Corporation Limited, a key shareholder of Javedan Corporation Limited, has executed a significant transaction involving the sale of ordinary shares in the company. According to a notice issued on June 17, 2026, and in compliance with the Pakistan Stock Exchange's Rule Book, the corporation sold 1,818,681 ordinary shares of Javedan Corporation Limited on June 10, 2026. The transaction was carried out through the Central Depository Company (CDC) in the ready market.

The average rate for the shares sold was Rs. 148.68. Following this transaction, the cumulative number of shares held by Arif Habib Corporation in Javedan Corporation stands at 136.01 million, representing a 35.71% stake in the company. This sale marks a very large move in the company's shareholding pattern.

According to information available from the Pakistan Stock Exchange (PSX), the sale aligns with regulatory obligations and previous transaction intimations disclosed by Arif Habib Corporation. The designated market category for this transaction is the ready market, highlighting the liquidity and trading conditions for Javedan Corporation shares.

The substantial divestment reflects strategic portfolio adjustments by Arif Habib Corporation, a notable entity within the financial sector, impacting investor sentiment and market dynamics.