Karachi: Crescent Star Insurance Limited has reported significant trading activity involving its shares by Bawany Air Products Limited, according to a disclosure made under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. As per the report, these transactions were carried out by relevant persons holding shares in the company.
The transactions, as detailed in the disclosure dated August 20, 2026, include multiple buy and sell actions executed over two days. On August 12, 2026, Bawany Air Products Limited purchased 14.30 million shares at a rate of 6.41 per share, significantly boosting their cumulative shareholding to 14.30 million shares, representing 9.62% of the company’s total shares.
On the same day, the company further acquired 4.67 million shares at 5.00 per share, increasing their cumulative holding to 18.97 million shares, which constitutes 12.76% of Crescent Star Insurance’s shares.
The following day, on August 13, 2026, Bawany Air Products Limited sold 4.50 million shares at a rate of 5.13 per share. This transaction adjusted their cumulative shareholding to 14.47 million shares, reflecting a 9.73% ownership stake.
According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect a very large or significant move in the shareholding of Crescent Star Insurance Limited. The activity highlights substantial interest and investment adjustments by Bawany Air Products Limited in the insurance firm. The designated market for these transactions was noted as NDM (Negotiated Deal Market), and the form of share certificates was identified as CDC (Central Depository Company).