Karachi: Jahangir Siddiqui and Co. Ltd. has significantly increased its holding in Class ‘A’ preference shares, acquiring an additional 13,001 shares, as disclosed in a recent filing with the Pakistan Stock Exchange Limited. The transaction, finalized on October 21, 2024, has raised the company's cumulative shareholding to 140,311,533, representing a 76.59% stake in the outstanding Class ‘A’ shares.

This strategic purchase, executed at a price of PKR 7.45 per share, is part of ongoing portfolio adjustments by the company. The shares, both the single share bought on October 17 and the 13,000 shares on October 21, were acquired through ready market transactions and are held electronically in the Central Depository Company (CDC).

According to information available from the Pakistan Stock Exchange (PSX), this move is in compliance with the regulatory framework under clause 5.6.4 of the PSX Rule Book. The disclosure has been formally communicated to the Securities and Exchange Commission of Pakistan, ensuring transparency and adherence to market rules.