Karachi, According to information available from the Pakistan Stock Exchange (PSX), Sitara Chemical Industries Limited has reported a share transaction involving the spouse of an executive. Mrs. Zomia Anees, the wife of Mr. Haseeb Ahmed, an Executive Director at the company, sold 10,000 shares on May 13, 2024. The shares were sold at a rate of 276.04 PKR per share through the Central Depository Company (CDC) in the ready market.

The company has confirmed that this transaction will be discussed in the upcoming board meeting. It will include considerations of any non-compliance with PSX Regulation clause No. 5.6.1.(d), as required. Furthermore, Sitara Chemical Industries Limited confirmed that the holding period for these shares exceeded six months. If it had been less than six months, profits from the sale would have been subject to a deposit with the Securities and Exchange Commission of Pakistan (SECP), as stipulated by Section 105 of the Securities Act, 2015.