Karachi: A recent disclosure from International Steels Limited reveals that a non-executive director has conducted a transaction involving the company’s shares. On September 5, 2025, the company released details concerning the activity, which was executed under the Pakistan Stock Exchange’s regulation 5.6.4.

The disclosure, pertaining to the period on September 4, 2025, involves Mr. Haroun Rashid, a non-executive director, who acquired 500 shares of International Steels Limited. This transaction was conducted in the ready market at a rate of 121.835 per share. The cumulative percentage of shares held by Mr. Rashid remains unchanged.

According to information available from the Pakistan Stock Exchange (PSX), such transactions by directors, executives, or substantial shareholders necessitate disclosure and adherence to specified regulations. The transaction details are required to be presented by the company secretary to the board of directors at the next meeting following the execution. Furthermore, if the holding period of the shares is less than six months, any profit must be deposited with the Securities and Exchange Commission of Pakistan (SECP) as per the Securities Act, 2015.

The company is also tasked with promptly updating the relevant details in the Unique Identification Number (UIN) Management System. Additionally, directors, CEOs, or executives are prohibited from engaging in share transactions during a closed period, ensuring compliance with regulatory standards to maintain transparency and integrity in market practices.

International Steels Limited’s activity is categorized under the industrial sector within the designated market category. This recent transaction is classified as a minor move in terms of its impact on the market.