Karachi: Matco Foods Limited has reported to the Pakistan Stock Exchange that Mr. Faizan Ali Ghori, a director of the company, has bought 30,000 shares on November 7, 2023. The shares were purchased at a rate of Rs. 27.4681 each and the transaction was conducted through the Central Depository Company (CDC) in the Ready Market.

The company has confirmed that this transaction will be discussed in the upcoming board meeting to ensure that there is no non-compliance with the PSX Regulations, particularly clause 5.6.1.(d). It is also confirmed that if the holding period for these shares is less than six months, any profit resulting from this transaction will be remitted to the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015.