Karachi: Fazal Cloth Mills Limited has reported a recent transaction involving shares by an independent director, according to a company announcement dated October 7, 2024.

In a compliance disclosure mandated under PSX Regulation 5.6.4, Ms. Parveen Akhter Malik, an independent director at Fazal Cloth Mills, executed a purchase of 5,000 shares of the company. The transaction took place on the ready market and was facilitated through the CDC system. The shares were acquired at a rate of PKR 140.89 each, totaling an investment of approximately PKR 0.71 million. According to information available from the Pakistan Stock Exchange (PSX), this transaction has increased Ms. Malik’s cumulative shareholding in the company to 7,501 shares, which represents a 0.025 percent ownership stake.

The disclosure was made to the Pakistan Stock Exchange Limited and the transaction is part of the routine reporting requirements for insider activities among listed companies. Fazal Cloth Mills Limited, known for its adherence to regulatory standards and transparency, continues to maintain rigorous compliance with all PSX regulations to ensure shareholder confidence and market integrity.