Karachi: In a recent transaction on the Pakistan Stock Exchange, Yousuf H. Mirza, a non-executive director of International Steel Limited, has executed a purchase of shares, as revealed by a company disclosure. This development was disclosed on September 9, 2025, under PSX Regulation 5.6.4, which mandates transparency in transactions carried out by key company figures.

The transaction involved the acquisition of 2,000 shares by Mr. Mirza at a rate of 121.29 per share. This activity was part of the ready market on August 9, 2025. The purchase did not indicate a significant change in the cumulative percentage of shares held, thus classifying the movement as a Minor move. The exact number of shares held cumulatively by Mr. Mirza following this acquisition remains unspecified in the disclosure.

According to information available from the Pakistan Stock Exchange (PSX), the transaction by company insiders, such as directors and substantial shareholders, is subject to strict scrutiny and compliance measures. These include the mandatory presentation of such transactions by the Company Secretary at the subsequent Board of Directors meeting. Moreover, according to regulations, any profits gained from transactions within a holding period of less than six months must be deposited with the Securities and Exchange Commission of Pakistan (SECP).

The disclosure further emphasized the requirement for the company to update transaction details immediately in the UIN Management System. It also reiterated the prohibition against directors, CEOs, or executives dealing in company shares during a closed period.

The market category for this transaction falls under the ready market, a designated category that reflects immediate transactions of securities.