Karachi: The Pakistan Stock Exchange (PSX) has announced recent transactions by key executives and substantial shareholders of Allawasaya Textile and Finishing Mills Limited, as per the requirements set under Clause 5.6.4 of the PSX Regulations. According to information available from the Pakistan Stock Exchange (PSX), these transactions occurred on June 28, 2024, involving the purchase of shares by a director and the spouse of the CEO.

The details of the transactions are as follows:

Mian Idrees Ahmed Sheikh, holding the position of Director, purchased 1,050 shares at a rate of PKR 730 per share in physical form.

Mrs. Sarah Hajra Khan, spouse of CEO Mr. Mohammad Alamgir Jamil Khan, acquired 1,450 shares at the same price of PKR 730 per share, also in physical form.

This disclosure is in compliance with the corporate governance and transparency standards mandated by the PSX for listed companies. The transactions will be reviewed in the upcoming board meeting of the company. Additionally, the company has confirmed adherence to the holding period regulations. If the shares are sold within six months, profits from such transactions are required to be deposited with the Securities and Exchange Commission of Pakistan (SECP), with a formal intimation to the PSX.

These transactions underscore the ongoing involvement of key figures within Allawasaya Textile and Finishing Mills Limited in the company's operations and their confidence in its prospects. This move also aligns with regulatory requirements aimed at maintaining transparency and fairness in the trading of shares by insiders.