Karachi: Arif Habib Corporation Limited (AHCL) has announced the acquisition of additional ordinary shares in Aisha Steel Mills Limited (ASML), a move that has increased its overall shareholding in the company. The transaction was carried out on April 7, 2026, in compliance with clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange, as per a notice dated April 9, 2026.

According to the details provided, AHCL has purchased 39,280,681 ordinary shares at an average rate of Rs. 9.78 per share. This purchase has raised AHCL’s cumulative holding to 152,686,450 ordinary shares, accounting for 15.67% of ASML’s issued share capital. According to information available from the Pakistan Stock Exchange (PSX), this transaction represents a significant move in AHCL’s investment strategy.

In addition to the ordinary shares, AHCL also owns 35,075,499 preference shares in Aisha Steel Mills Limited. Following this recent acquisition, AHCL’s total shareholding, including both ordinary and preference shares, now constitutes 19.27% of ASML’s issued share capital. This strategic move underscores AHCL’s position as a substantial stakeholder in the steel manufacturing firm within the market.