Karachi: Pakistan Cables Limited has announced the sale of 4,563 shares by Mr. Muhammad Saleem, an Executive Shareholder of the company, as disclosed in accordance with the Pakistan Stock Exchange (PSX) regulations. The transaction, which occurred on November 11, 2024, involved the sale of shares at a rate of PKR 133.32 per share in the regular market through the Central Depository Company (CDC) system.

The disclosure was made in compliance with Sub-clause 5.6.1. (d) of the PSX Regulations, which mandates the notification of any share sales by directors, CEOs, executives, their spouses, and substantial shareholders. According to information available from the Pakistan Stock Exchange (PSX), the transaction is part of the company's ongoing commitment to transparency and regulatory compliance.

Pakistan Cables Limited confirmed that the details of this transaction will be presented at the next board meeting. The presentation will include a review for any potential non-compliance with regulatory requirements, as specified under clause No. 5.6.4. of the PSX Regulations. The company stated that it will inform the Exchange of the board's considerations regarding this matter.