Karachi: International Knitwear Limited has announced recent share transactions executed by Javed Khan, an Executive Director of the company, under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The disclosure, dated March 14, 2025, outlines the buying and selling of shares by Mr. Khan.
On March 12, 2025, Javed Khan executed a series of transactions involving the company's shares. According to the disclosure, Mr. Khan purchased 6,589 shares at a rate of 15.00 per share. Following this transaction, he sold the same number of shares, 6,589, at an identical rate of 15.00 per share. These transactions were conducted in the designated market category of 'Ready' and involved Central Depository Company (CDC) certificates.
The cumulative number of shares held by Mr. Khan after these transactions remains 8,089, translating to a cumulative percentage of 81.45% of the company’s shares. These figures reflect Mr. Khan's significant stake in International Knitwear Limited.
According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining transparency and ensuring compliance with regulations governing share transactions by company executives and substantial shareholders.