Lahore: Biafo Industries Limited has disclosed significant share transactions by one of its notable board members, impacting the company’s standing in the stock market. On February 14, 2025, the company reported that Muhammad Waheed, a Non-Executive Director, executed multiple sales of shares in recent days, as outlined under the Pakistan Stock Exchange (PSX) regulation 5.6.4.

The disclosure reveals that on February 10, 2025, Muhammad Waheed sold 17,500 shares at a rate of 198.15 per share. Following this transaction, his cumulative shareholding was reduced to 875,000 shares, representing 1.89% of the total shares.

Further sales were recorded on February 12, 2025, when Waheed sold an additional 5,300 shares at a rate of 200.93 per share. This transaction decreased his cumulative shareholding to 869,700 shares, slightly reducing his ownership to 1.88%.

The most significant sale occurred on February 13, 2025, with Waheed selling 19,700 shares at a rate of 198.14 per share. Consequently, his cumulative shareholding shrank to 850,000 shares, which accounts for 1.83% of the company’s shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of a routine disclosure requirement that ensures transparency and accountability among stakeholders, particularly those holding substantial shares. The market category for these transactions is designated as ‘Ready.’

These actions by a significant stakeholder in Biafo Industries Limited could influence investor sentiment and market dynamics, reflecting the importance of transparency in maintaining market integrity.