Karachi: Fatima Fertilizer Company Limited reported a sale of shares by a member of its senior management, highlighting activity among its leadership in the stock market. The transaction was disclosed under Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates transparency in share dealings by key company figures.
On December 2, 2024, Mohammad Abad Khan, a senior management member of Fatima Fertilizer Company, executed a sale of 100,000 shares at a rate of 71.16 per share. This transaction was carried out in the ready market. Following this sale, Khan's cumulative holding stands at 745,499 shares, representing a cumulative percentage of 0.04% in the company.
According to information available from the Pakistan Stock Exchange (PSX), such disclosures are essential for maintaining investor confidence and ensuring compliance with regulatory requirements. The PSX regulation necessitates that directors, executives, and substantial shareholders, along with their spouses and minors, disclose any transactions involving company shares.