Karachi: The Chief Financial Officer of National Foods, Badar Yousuf, executed a transaction involving a sale of company shares on August 25, 2025. This disclosure is part of the regulatory requirements under section 5.6.4 of the Pakistan Stock Exchange (PSX) regulations, which mandates transparency in dealings by key executives and substantial shareholders.
The transaction involved the sale of 1,000 shares at a rate of Rs. 393.23 each. The shares were sold in the Central Depository Company (CDC) form on the ready market, as recorded in the transaction details. Following this transaction, the cumulative number of shares held by the individual is recorded as 1,875, with the cumulative percentage standing at 0.00%.
According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining market transparency and informing stakeholders about the activities of key figures within listed companies. The sale of shares by such an executive represents a minor move in terms of percentage change in shareholding.
This disclosure aligns with the requirements set by the PSX to ensure that all market participants have access to critical information regarding share transactions by directors, CEOs, and executives, as well as their spouses and substantial shareholders.