Karachi: S.G. Power Limited has officially notified the Pakistan Stock Exchange of a significant transaction by a director of the company. On October 16, 2024, Sohail Ahmed, Chief Executive/Director, sold 1,797 shares of the company. This sale, reported under the company’s ongoing disclosure obligations, highlights the active trading by company insiders.

The transaction details, which were disclosed to the Pakistan Stock Exchange as mandated by PSX regulations, indicate that the shares were sold in the form of 'CDC', which refers to the Central Depository Company managing electronic record-keeping of shares.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are critical for maintaining transparency in the trading activities of company directors and are closely monitored under regulatory frameworks. The sale by Sohail Ahmed was conducted at varying rates, which underscores the fluctuating stock values typical in the energy sector.

This disclosure will be presented for further review at the subsequent meeting of the Board of Directors, as per clause 5.6.1 of PSX Regulations. This review process ensures that all shareholder interests are considered in the wake of significant insider transactions.