Karachi: International Knitwear Limited has reported a transaction involving one of its key directors, according to a disclosure under the Pakistan Stock Exchange (PSX) regulations. In a statement dated September 9, 2026, the company detailed a sale of shares conducted by Waseem Shafi, a non-executive director.

The transaction, executed on September 8, 2026, involved the sale of 7,500 shares at a rate of 93.32 per share. Following this transaction, Mr. Shafi's cumulative shareholding stands at 57,951 shares, which represents a 0.59% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), the sale by Mr. Shafi constitutes a moderate move in the context of the company's stock activity. The PSX regulations mandate disclosures of such transactions to ensure transparency and maintain investor confidence.

The designated market for this transaction was identified as the 'Ready' market, indicating that the shares were available for immediate trade. The form of the share certificate involved in the transaction was noted as a CDC, which stands for Central Depository Company, a common form of electronic shareholding in Pakistan.

This development comes as part of routine regulatory disclosures that listed companies are required to make, especially when it involves transactions by directors, executives, or substantial shareholders.