Karachi: The transactions involving shares of Fast Cables Limited by its Head of Internal Audit, Syed Mujtaba Bukhari, have been disclosed as required under the Pakistan Stock Exchange (PSX) Regulation 5.6.1.(d). The transactions, which took place in June 2024, encompassed both purchasing and selling activities.
According to information available from the Pakistan Stock Exchange (PSX), Bukhari executed three distinct transactions. On June 26, 2024, he purchased 4,100 shares at a rate of 23.59 each. Prior to this, on June 21, 2024, he bought another 4,200 shares for 23.49 per share. Furthermore, on June 25, 2024, Bukhari sold 4,200 shares at 23.46 per share. All transactions were conducted in the ready market, and the shares were held in the Central Depository Company (CDC) form.
The company confirmed that these transactions would be reviewed in the upcoming board meeting. It will include assessments of any non-compliances with the PSX regulations and the necessary confirmations to the Exchange. Additionally, if the holding period for these transactions is under six months, the profits are required to be deposited with the Securities and Exchange Commission of Pakistan (SECP), as mandated by Section 105 of the Securities Act, 2015.