Karachi: Safina Danish Elahi, a director at Blue-Ex Limited, has purchased 2,310 shares of the company, it was confirmed today. The transaction, dated July 22, 2024, was conducted at a rate of PKR 40.91 per share through CDC certificates, a method of shareholding in Pakistan.

According to information available from the Pakistan Stock Exchange (PSX), this transaction will be reviewed in the forthcoming board meeting of Blue-Ex Limited. The review will cover any potential non-compliance issues as mandated by PSX Regulations, specifically under clause No. 5.6.1(d).

Further details revealed by the company indicate that the holding period for these shares is over six months. However, if any transactions are discovered to have a holding period of less than six months, the profit from such transactions will be remitted to the Securities and Exchange Commission of Pakistan (SECP) in compliance with Section 105 of the Securities Act, 2015.

This action by Safina Danish Elahi stands as a significant endorsement of confidence in the financial health and future prospects of Blue-Ex Limited.