Karachi: The National Clearing Company of Pakistan Limited (NCCPL) released its quarterly report on October 15, 2026, detailing the trading activities of its independent directors, as required by the Clearing Houses (Licensing and Operations) Regulations, 2016. The report, covering the period from July 1, 2026, to September 30, 2026, provides insight into the trading patterns of Mr. Khalid Rahman and his spouse, Ms. Naushaba Khalid Rahman.

Mr. Khalid Rahman, an independent director of NCCPL, engaged in multiple transactions during the quarter. Notable purchases include 3,000 shares of Fauji Fertilizer Company Limited at a rate of 551.60 on July 21, 2026, amounting to 1,654,801, and 3,000 shares of Oil & Gas Development Company Limited at a rate of 316.55, totaling 949,663, on the same day. Additionally, Mr. Rahman bought 5,000 shares of Maple Leaf Cement Factory Limited on July 23, 2026, at a rate of 88.89, costing 444,441, and 2,000 shares of United Bank Limited on the same date at a rate of 453.00, totaling 906,000.

Sales by Mr. Rahman were also significant, with transactions such as selling 3,000 shares of The Hub Power Company Limited on July 27, 2026, at a rate of 223.39, resulting in 670,175, and disposing of 2,000 shares of Lucky Cement Limited at a rate of 454.59, amounting to 909,182 on the same day. According to information available from the Pakistan Stock Exchange (PSX), these trades provide a transparent view of the financial engagements of independent directors in the designated market category.

Ms. Naushaba Khalid Rahman, also active in the quarter, purchased 3,000 shares of United Bank Limited on July 21, 2026, at a rate of 473.00, resulting in a trade price of 1,419,000. She also acquired 2,000 shares of Pakistan Petroleum Limited on July 23, 2026, at a rate of 213.05, amounting to 426,094, and later sold the same quantity at a rate of 223.81 on July 27, 2026, for 447,618.

These transactions illustrate the trading strategies of the NCCPL's independent directors, ensuring compliance with the disclosure requirements and providing the public with essential information about their market activities.