Karachi: Arif Habib Corporation Limited, a prominent stakeholder in Javedan Corporation Limited, has executed a significant transaction involving the sale of ordinary shares, as detailed in a notice released on June 22, 2026. This move is in compliance with clause 5.6.4 of the Rule Book of Pakistan Stock Exchange.

According to the notice, Arif Habib Corporation sold 5,000,000 ordinary shares of Javedan Corporation Limited, trading under the ticker JVDC, in the ready market on June 15, 2026. The shares were sold at an average rate of Rs. 153.33 per share. This transaction brings the cumulative number of shares held by Arif Habib Corporation to 130.00 million, representing a 34.13% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), this sale marks a very large or significant move in the shareholding pattern of Javedan Corporation Limited, impacting the overall market perception and potential valuation of the company.

The disclosure of this transaction is a procedural requirement, ensuring transparency and adherence to regulatory norms set forth by the Pakistan Stock Exchange. The market participants and stakeholders are advised to take note of this development and assess its implications on their investment strategies.