Lahore: In a series of transactions executed in early May, Ahmad Shafi, the Chief Executive Officer of Crescent Textile Mills Limited, significantly increased his stake in the company, according to disclosures mandated by PSX Regulation 5.6.4.

The company announced on May 9, 2025, that Shafi had acquired a total of 75,000 shares over a span of four days, marking a notable increase in his shareholding. On May 5, 2025, Shafi purchased 3,000 shares at a rate of 13.55 per share, bringing his total shareholding to 22,477,080 shares, equating to 22.48% of the company.

The following day, on May 6, 2025, Shafi further expanded his holdings by acquiring 14,000 shares at a price of 13.50 per share, which increased his total stake to 22,491,080 shares, or 22.49%.

Continuing the buying spree, on May 7, 2025, he purchased an additional 33,445 shares at 13.02 per share. This transaction brought his cumulative shareholding to 22,524,525 shares, which constitutes 22.52% of the company's total shares.

The final transaction in this series occurred on May 8, 2025, when Shafi bought 24,555 shares at a rate of 12.94 per share. These acquisitions raised his total holdings to 22,549,080 shares, equivalent to 22.55% ownership in Crescent Textile Mills Limited.

According to information available from the Pakistan Stock Exchange (PSX), these transactions underline the CEO's increased confidence in the company's prospects. Crescent Textile Mills Limited operates in the textile market sector, and Shafi's recent share purchases reflect a strategic move to bolster his influence and investment in the company.