Karachi: In a notable series of transactions reported on August 7, 2026, Ramisha Ashfaq, the spouse of Mustafa Ali Tariq, CEO of Tariq Corporation Limited, executed multiple sales of ordinary shares. The total number of shares sold by Ashfaq over the span of four days amounted to 1,350,556, as detailed in the disclosure submitted under the Pakistan Stock Exchange Regulation 5.6.4.

The first transaction took place on August 4, 2026, involving the sale of 350,000 shares at a rate of 21.10 per share. Following this, on August 5, Ashfaq sold an additional 763,500 shares at 19.68 per share. The sales continued with 86,568 shares sold at 19.19 per share on August 6. Finally, on August 7, the sale of 150,488 shares was executed at 18.96 per share.

According to information available from the Pakistan Stock Exchange (PSX), these transactions culminated in a cumulative shareholding of 150,488 shares, representing a 0.23% stake in the company. The market category for these transactions was designated as 'Ready'. The sales resulted in a moderate move in terms of percentage change from the initial shareholding.

This series of transactions highlights a strategic divestment by Ashfaq, marking a significant turnover of shares within a short duration. The implications of these sales on Tariq Corporation Limited remain to be closely observed by market analysts and stakeholders.