Karachi: A recent filing with the Pakistan Stock Exchange Limited has detailed a significant transaction involving shares of K-Electric Limited by one of its executives. The disclosure, made on October 15, 2024, highlights the sale of shares by Muhammad Farukh Zaman, an executive at the company.

According to information available from the Pakistan Stock Exchange (PSX), Zaman sold a total of 900 shares on October 10, 2024. The shares were sold at a rate of Rs. 3.92 each. This transaction is in compliance with PSX Regulation 5.6.4, which mandates timely disclosures by directors, executives, and substantial shareholders regarding any changes in their holdings.

The disclosure by K-Electric emphasizes adherence to corporate governance norms and transparency in operations. Such disclosures are required to be promptly filed through the PCUARS system and updated in the UIN Management System, ensuring that all stakeholders are kept informed about significant financial movements within the company's leadership.