Karachi, Shahtaj Textile Limited has disclosed that Abid Nawaz, the Non-Executive Director of the company, executed a purchase transaction in shares of the company.

The transaction took place on July 26, 2023, where Abid Nawaz acquired 2,700 shares of Shahtaj Textile Limited at a rate of PKR 91.21 per share. The purchase was made through CDC (Central Depository Company).

This insider trading disclosure indicates that a key member of the company's management has expressed confidence in the company's prospects, leading to the acquisition of additional shares. Such transactions by company insiders are closely watched by investors and can often be seen as a positive sign about the company's performance and future outlook.