Karachi: Ms. Meher Khan Tareen, the spouse of an executive at Kohat Cement Company Limited, bought 15,000 shares of the company on July 2, 2024, at a rate of Rs. 265.22 each.

According to information available from the Pakistan Stock Exchange (PSX), the transaction was conducted through the Central Depository Company (CDC), ensuring regulatory compliance and transparency. This purchase by a direct relative of a company executive is significant as it involves insider connections, which are strictly regulated.

The details of this transaction are set to be reviewed in the next board meeting of Kohat Cement, as per the clause No. 5.6.4 of the PSX Regulations. The focus will be on any potential non-compliance issues that need to be addressed to maintain the integrity of financial practices within the company.

The company has also confirmed that the holding period for these shares exceeds six months. If it were less, a procedure would be in place to deposit the equivalent of any profits with the Securities and Exchange Commission of Pakistan (SECP), demonstrating Kohat Cement's commitment to rigorous compliance and governance standards.