Karachi: Merit Packaging Limited has disclosed that Mr. Ahmed Munaf, an independent director, has executed share transactions, according to a company notice released under Pakistan Stock Exchange (PSX) Regulation 5.6.4.

The transactions, conducted over two days in early December 2024, involved the sale of a combined total of 526,151 shares. On December 2, Mr. Munaf sold 335,151 shares at a rate of Rs. 10.90 per share. This initial transaction accounted for 226,971 shares, representing a cumulative percentage of 0.113% of the company's total shares.

Following this, on December 3, Mr. Munaf sold an additional 191,000 shares at a slightly higher rate of Rs. 11.15 per share. This second transaction involved 35,971 shares, contributing to a cumulative percentage of 0.017%.

According to information available from the Pakistan Stock Exchange (PSX), these transactions were conducted using Central Depository Company (CDC) ready market shares. The disclosure of Mr. Munaf's share sales is a requirement under PSX regulations aimed at maintaining transparency in market operations.