Lahore: The Pakistan Stock Exchange (PSX) disclosed that Ibrahim Holdings (Pvt.) Ltd., a substantial shareholder in Ibrahim Fibres Limited, has executed share transactions on August 21, 2024. According to information available from the Pakistan Stock Exchange (PSX), the details of the transactions show two separate purchases by the company. The first involved the acquisition of 33 shares at a rate of PKR 340 per share, while the second transaction comprised 11,054 shares purchased at PKR 350 each. Both transactions occurred in the ready market and are recorded in CDC form.

The company has confirmed that these transactions will be presented at the upcoming board meeting, with any non-compliances under clause No. 5.6.4 of PSX Regulations duly highlighted for consideration. It is also confirmed that if the holding period for the shares is less than six months, any profits will be deposited with the Securities and Exchange Commission of Pakistan (SECP) in compliance with Section 105 of the Securities Act, 2015.