Karachi: In a significant development, Diamond Industries Limited has announced the divestment of shares by its substantial shareholders, revealing notable transactions that have influenced the company's standing. The report, dated June 4, 2026, highlights these transactions under the Regulation 5.6.4 of the Pakistan Stock Exchange (PSX).

Shaffi Chemical Industries Limited, a substantial shareholder, executed a series of share sales. On May 25, 2026, Shaffi sold 5,107 shares at a rate of 72.69, resulting in a cumulative holding of 45,696 shares, marking a cumulative percentage of 0.38. Subsequently, on May 29, 2026, they divested an additional 1,000 shares at a rate of 69.77, reducing their cumulative share count to 44,696, translating to a cumulative percentage of 0.37. The most significant move occurred on June 1, 2026, when Shaffi sold 44,696 shares at a rate of 86.06, effectively reducing their holding to zero, indicating a very large or significant move.

Furthermore, Symbol Industries (Pvt) Limited also engaged in share sales. On May 29, 2026, they sold 1,000 shares at a rate of 74.65, resulting in a cumulative holding of 885,000 shares, which accounted for a cumulative percentage of 9.83. This was followed by the sale of 12,347 shares on June 2, 2026, at a rate of 85.73, reducing their shares to 872,653, with a cumulative percentage of 9.70. Another transaction occurred on June 3, 2026, where they sold 4,000 shares at a rate of 79.09, further decreasing their holding to 868,653 shares, and a cumulative percentage of 9.65.

According to information available from the Pakistan Stock Exchange (PSX), these transactions represent a big move in the market, reflecting the strategic decisions of significant stakeholders in Diamond Industries Limited. The sales reflect the dynamic nature of market holdings and the potential impact on the company's market perception.

The designated market category for these transactions is the ready market, and the form of share certificate used was the Central Depository Company (CDC). The transactions underline the evolving landscape of shareholder engagements within Diamond Industries Limited, as key players adjust their investment positions in response to market conditions and strategic objectives.