Karachi: Ahmad Shafi, the Chief Executive Officer of The Crescent Textile Mills Limited, has made a series of transactions in the company's shares, resulting in a cumulative shareholding of 22.38%, as disclosed in a recent filing. The transactions were executed on March 10 and March 11, 2025, under the stipulations of PSX Regulation 5.6.4.

The recent activity saw Shafi acquiring a total of 6,386 shares across multiple transactions. On March 10, 2025, he purchased 1,145 shares at a rate of 13.09 per share. The following day, March 11, involved multiple transactions including purchases of 592, 500, 250, 2,499, 250, 500, 250, 500, and 200 shares, with per-share prices ranging from 13.06 to 13.33.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of a regulatory requirement for relevant persons to disclose interests, reflecting Shafi's active engagement in increasing his stake in the company. As a result, his cumulative shareholding stands at 22,384,736 shares, representing 22.38% of the total shares of The Crescent Textile Mills Limited.

This disclosure is aligned with the PSX's designated market category for ensuring transparency and accountability among directors, executives, and substantial shareholders in publicly listed companies.