Karachi: The Executive Director of Allawasaya Tex. and Finishing Mills Ltd, Idrees Ahmed Sheikh, has acquired additional shares in the company, according to a filing with the Pakistan Stock Exchange (PSX). This transaction was executed on December 3, 2024, under the PSX Regulation 5.6.4, which mandates disclosure of interest by relevant persons holding company shares.

Idrees Ahmed Sheikh purchased 200 shares at a rate of 1,395.00 each, bringing his cumulative shareholding in the company to 127,368 shares. This acquisition reflects a cumulative percentage of 15.92% of the total shares. According to information available from the Pakistan Stock Exchange (PSX), such transactions by directors, executives, and substantial shareholders are required to be disclosed to ensure transparency and maintain investor confidence.

The transaction was executed in the physical market under the 'Ready' category, indicating prompt settlement. The disclosure aligns with regulatory requirements aimed at promoting fair trading practices and is a critical component of corporate governance in Pakistan's stock market.