Karachi: Pak Datacom Ltd., a prominent entity in the technological sector, saw a significant transaction of its shares by a non-executive director, Muhammad Waheed. The transaction, executed in a span of several days in May 2025, was disclosed under the Pakistan Stock Exchange (PSX) regulations 5.6.4, according to the latest information available.

The series of transactions began on May 20, 2025, with Waheed selling 15,000 shares at a rate of 120.67 per share. This initial sale brought his cumulative shareholding to 299,500, representing 2.53% of the company's total shares.

Subsequent sales were recorded on May 21, 2025, when Waheed disposed of another 15,000 shares at 132.74 per share. This transaction reduced his cumulative shareholding to 284,500 shares, equating to 2.40% of the company's total shares.

On May 22, 2025, Waheed continued his divestment by selling 9,500 shares at a rate of 146.01 per share, bringing down his total holdings to 275,000 shares, accounting for 2.32% of Pak Datacom Ltd.'s shares.

The selling trend persisted with Waheed offloading 10,000 shares on May 23, 2025, at a higher price of 160.62 per share. This sale further decreased his cumulative shareholding to 265,000 shares, or 2.23%.

The final transaction in this series occurred on May 26, 2025, comprising a sale of 10,000 shares at a rate of 176.71 per share. Following this transaction, Waheed's cumulative shareholding stood at 255,000, representing 2.15% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions were conducted through the Central Depository Company (CDC). The disclosure of these sales is in compliance with the PSX regulations, ensuring transparency in the trading activities of company insiders.

The designated market category for these transactions falls under the technological sector, a vital component of the stock exchange landscape.