Karachi: A recent transaction by a non-executive director of International Knitwear Limited has been disclosed under the Pakistan Stock Exchange regulations. The company reported on November 4, 2026, that Waseem Shafi, a non-executive director, executed a sale of shares in the company.

According to the report, Waseem Shafi sold 1,000 shares at a rate of 124.76 each on November 3, 2026. This transaction took place in the ready market, as per the details provided by the company. After the completion of this sale, Mr. Shafi's cumulative shareholding stands at 52,912 shares, representing a cumulative percentage of 0.54%.

This disclosure is in compliance with section 5.6.1.(d) of the Pakistan Stock Exchange regulations, which mandates the reporting of share transactions by directors, CEOs, executives, their spouses, and substantial shareholders. According to information available from the Pakistan Stock Exchange (PSX), this transaction constitutes a moderate move due to the percentage change in Mr. Shafi's shareholding.

International Knitwear Limited, a company listed on the Pakistan Stock Exchange, operates within the designated market category of the textile sector. The disclosure provides transparency into the shareholding changes and complies with regulatory requirements to inform stakeholders of significant transactions within the company.