Karachi: Metropolitan Steel Corporation Limited has reported significant transactions involving the purchase of company shares by a relevant stakeholder, according to a disclosure dated June 5, 2026. The transactions, executed by Mr. Umair Farooqui, spouse of Executive Director Mrs. Saba Mehkari, were conducted under the regulations of the Pakistan Stock Exchange (PSX).

According to information available from the Pakistan Stock Exchange (PSX), Mr. Farooqui acquired a total of 143,272 shares through two separate transactions executed on June 2 and June 3, 2026. The first transaction involved the purchase of 43,272 shares at a rate of Rs. 28.62 per share. This was followed by a larger transaction of 100,000 shares at a rate of Rs. 29.52 per share. Both transactions were categorized under the market designation of ‘Ready’ and involved shares in the Central Depository Company (CDC) form.

The purchases by Mr. Farooqui reflect a strategic interest in Metropolitan Steel Corporation, with the total value of shares acquired amounting to approximately Rs. 4.18 million. These transactions were executed under the PSX Regulation 5.6.4, which mandates the disclosure of share dealings by directors, executives, and substantial shareholders, as well as their spouses and minors.

The activity in Metropolitan Steel Corporation’s shares comes at a time when the market dynamics and strategic interests of key stakeholders are closely monitored by investors. The transactions underscore the involvement and confidence of the company’s executive circle in its future prospects.