Karachi, According to information available from the Pakistan Stock Exchange (PSX), Matco Foods Limited has disclosed a share purchase transaction by Mr. Faizan Ali Ghori, a director of the company. The transaction involved the acquisition of 10,000 shares at a rate of 27.29 per share in the ready market through CDC certificates on May 10, 2024.

The company has confirmed that this transaction will be reviewed at the next board meeting, where any non-compliance issues will be addressed as per PSX Regulation 5.6.1.(d). Furthermore, if the holding period of the shares is less than six months, profits from this transaction will be submitted to the Securities and Exchange Commission of Pakistan (SECP) in the form of a cheque, in compliance with Section 105 of the Securities Act, 2015.