Karachi: Burj Clean Energy Modaraba, listed under the Growth Enterprise Market (GEM) category, has disclosed recent transactions involving its executive director, Nabeel Anjum Malik. These transactions were reported under Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the disclosure of share dealings by company insiders and their immediate family members.
According to the disclosure, Nabeel Anjum Malik, an executive director at Burj Clean Energy Modaraba, executed multiple share transactions over a span of five days in May 2025. The transactions involved purchasing shares in the company at different rates, resulting in a cumulative increase in his shareholding.
On May 15, 2025, Malik purchased 1,500 shares at a rate of 10.00 per share, bringing his cumulative shareholding to 19,268 shares, amounting to a 0.02% stake in the company. The following day, he acquired an additional 1,000 shares at the same rate, increasing his total holdings to 20,268 shares, maintaining the cumulative percentage at 0.02%.
Further transactions were executed on May 19, 2025, when Malik bought another tranche of 1,000 shares at a lower rate of 9.00 per share. On the same day, he made an additional purchase of 200 shares at 10.00 per share. These transactions brought his total shareholding to 21,468 shares, with his cumulative percentage remaining at 0.02%.
According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of the mandatory disclosures required to ensure transparency and maintain investor confidence in the trading activities of company insiders. The disclosed dealings have been duly recorded under the Central Depository Company (CDC) system in the ready market.
Burj Clean Energy Modaraba continues to operate under the regulatory framework established by the PSX, providing regular updates and disclosures as per market requirements. The company's adherence to these regulations underscores its commitment to transparency and regulatory compliance in the financial markets.