Karachi: Fauji Fertilizer Bin Qasim Limited has announced a significant transaction under the Pakistan Stock Exchange regulation 5.6.4 involving a key insider. The transaction, disclosed in a recent filing, involved the purchase of shares by a non-executive director, marking a notable activity within the company's trading on September 3, 2024.

This transaction was carried out by Ms. Saira Nasir, a non-executive director of the company. According to information available from the Pakistan Stock Exchange (PSX), she purchased 718 shares at a rate of 45.96 per share. This acquisition has increased her total holdings in the company to 2,100 shares, which still represents a minimal percentage of the company’s total shares.

The shares were traded in the ready market, and the transaction was processed through the Central Depository Company (CDC). This form of trading ensures that the shares are transferred and settled electronically, a standard practice for handling securities in Pakistan's capital markets.

The disclosure aligns with the PSX regulations that mandate the reporting of share transactions by directors, executives, and substantial shareholders, along with their spouses and minors. These rules are designed to ensure transparency and fair trading practices by informing the public and investors about significant insider activities.