Karachi: Crescent Star Insurance Limited has disclosed significant transactions involving its shares, executed by key personnel and their immediate family members, in accordance with PSX Regulation 5.6.4. The announcement, made on October 1, 2025, sheds light on the recent purchase of shares by the company's directors, CEO, executives, substantial shareholders, and their spouses and minors.
In a noteworthy transaction, Crescent Star Insurance Limited reported a purchase involving 880,000 shares. This transaction was conducted through the Central Depository Company (CDC) and was classified under the negotiated deal market (NDM) category. The shares were acquired at a rate of 6.00 per share, bringing the cumulative number of shares held by the relevant person(s) to 3,411,236. This acquisition has resulted in a cumulative shareholding percentage of 19.13%.
According to information available from the Pakistan Stock Exchange (PSX), this transaction aligns with the regulatory requirements, ensuring transparency and compliance with market regulations. Such disclosures are paramount in maintaining investor confidence and safeguarding the integrity of the financial markets.
The designated market category for this transaction was the negotiated deal market (NDM), a segment that facilitates the trading of large blocks of shares between parties at a mutually agreed price. This category is often utilized by institutional investors and insiders for executing significant transactions outside the regular trading session, thus minimizing market impact and volatility.