Karachi: A recent transaction involving the acquisition of shares by a non-executive director of Nimir Industrial Chemicals Limited was disclosed in accordance with the Pakistan Stock Exchange (PSX) regulations. The transaction details, disclosed under Regulation No. 5.6.4 of the PSX, highlight the purchase of shares by Muhammad Saeed uz Zaman, a non-executive director.

According to the transaction report, Muhammad Saeed uz Zaman bought a total of 4,517 shares on May 8, 2025. The shares were acquired at an average price of 134.90, with 2,495 shares purchased at 134.80 and the remaining 2,022 shares at 135.00. The transactions were conducted electronically through the Central Depository Company (CDC) and are labeled as CDC Ready.

The designated market category for this transaction is the Pakistan Stock Exchange. According to information available from the Pakistan Stock Exchange (PSX), the holding period for these transactions extends beyond six months. In compliance with regulatory requirements, if the transaction falls within a six-month period, any profit realized must be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015. This process ensures transparency and adherence to the rules governing share transactions on the PSX.