Lahore: Kohinoor Spinning Mills Limited disclosed a series of transactions involving the sale of shares by Mohammad Hamza Yousaf, an executive director of the company. The announcement was made on March 19, 2025, in accordance with the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the disclosure of interest by relevant persons holding company shares.

On March 17, 2025, Mohammad Hamza Yousaf executed a sale of 100,000 shares at a rate of 6.08 per share. This transaction left him with a cumulative holding of 7,102,288 shares, amounting to 1.72 percent of the company's total shares.

The following day, March 18, 2025, Yousaf sold another 100,000 shares, this time at a rate of 6.15 per share. Following this sale, his cumulative shareholding decreased to 7,002,288 shares, representing 1.70 percent of the total shares of the company.

According to information available from the Pakistan Stock Exchange (PSX), these transactions were conducted in the ready market using Central Depository Company (CDC) certificates. The sales indicate a strategic decision by Yousaf, although the company did not provide further details on the rationale behind the transactions.

Kohinoor Spinning Mills Limited is part of the textile sector, a significant category within the designated market of the PSX. The company is known for its production of yarn and other textile products, catering to both domestic and international markets.