Karachi: Dawood Equities Limited disclosed a recent transaction involving its Executive Director, Mamoona Tanveer, who executed a purchase of company shares. The disclosure, dated November 12, 2025, aligns with the requirements under PSX Regulation 5.6.9 concerning the reporting of share dealings by key figures within the company.
Mamoona Tanveer, serving as an Executive Director, purchased 150,000 shares on November 11, 2025. The transaction was executed through the Central Depository Company (CDC) in the ready market. This acquisition was noted at a cumulative rate of 27.46 per share, leading to a cumulative shareholding percentage of 1.50%.
According to information available from the Pakistan Stock Exchange (PSX), these transactions are subject to regulatory scrutiny and mandate immediate reporting at the Board of Directors meeting following the transaction. The company is required to submit extracts of the minutes via Form-30 through the PUCARS system.
As per the regulatory framework, it is essential for such transactions to have a holding period exceeding six months. If the holding period is less than six months, any profit derived must be submitted to the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015.
Furthermore, no Director, CEO, or Executive is permitted to engage in share dealings during the designated closed period. Dawood Equities Limited is also required to promptly update all relevant data in the Unique Identification Number (UIN) Management System to ensure compliance with market regulations.