Karachi: Shadab Textile Mills Limited has disclosed recent transactions involving the company's shares by a director, as required under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. According to the information released by the company, Director Farrukh Naseem executed both buying and selling transactions in the open market.
On April 9, 2025, Naseem bought 5,000 shares at a rate of 20.98 each, increasing his cumulative shareholding to 1,056,000 shares, representing 6.36% of the company's total shares. On the same day, he also sold 5,000 shares at a slightly lower rate of 20.83 per share. This transaction brought his cumulative shareholding down to 1,051,000 shares, equating to 6.33% of the total shares.
According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of the required disclosures for directors and key executives under PSX regulations. The market category for these transactions is designated as 'Ready', and the shares were held in the Central Depository Company (CDC) form.
These transactions highlight the regulatory compliance of Shadab Textile Mills Limited with the PSX requirements, ensuring transparency in the trading activities of its key personnel.