Karachi: In a recent disclosure filed with the Pakistan Stock Exchange, International Knitwear Limited reported the sale of shares by a non-executive director. The transaction, executed by Waseem Shafi, involved the sale of 4,500 shares at a rate of 93.14 per share, as documented in the company's report dated September 8, 2026.
According to information available from the Pakistan Stock Exchange (PSX), the transaction took place in the ready market on September 7, 2026. This sale has resulted in a cumulative total of 65,451 shares held by Waseem Shafi, representing a cumulative percentage of 0.67% of the company's shares.
The disclosure, made under section 5.6.1.(d) of the PSX regulations, highlights the transparency requirements for transactions involving directors, executives, and substantial shareholders of listed companies. The Pakistan Stock Exchange, which is the designated market for this transaction, ensures that such disclosures are made to maintain market integrity and investor confidence.