Karachi: In a significant transaction within the insurance sector, the Army Welfare Trust, a substantial shareholder of Askari Life Assurance Company Limited, has divested a notable portion of its holdings. According to a report dated September 1, 2026, the transaction was executed on August 28, 2026, involving the sale of 76,587,727 shares.

The shares, held in the Central Depository Company (CDC) form, were sold at a rate of 7.71 each. This sale has reduced the Army Welfare Trust's cumulative shareholding in Askari Life Assurance to 23,495,276 shares, representing a cumulative percentage of 15.65%.

According to information available from the Pakistan Stock Exchange (PSX), this transaction falls under the disclosure requirements for directors, CEOs, executives, their spouses, and substantial shareholders. The Army Welfare Trust's transaction highlights a very large or significant move within the company's shareholding structure.

The insurance sector, part of the designated market category, continues to monitor these developments closely as they may impact investor sentiment and market dynamics.