Karachi: Sitara Chemical Industries Limited has disclosed a significant transaction involving the sale of shares by an executive director in compliance with the Pakistan Stock Exchange (PSX) Regulation 5.6.4. According to the official statement released by the company, Mr. Haseeb Ahmad, an Executive Director, has executed a transaction involving the sale of 2,882 shares. This transaction was conducted on April 11, 2025, in the ready market segment.

The shares were sold at a rate of 370.00, bringing the total value of the transaction to approximately 1.06 million. Following this sale, Mr. Ahmad's cumulative shareholding stands at 208,840 shares, which represents a 0.97% stake in the company. The transaction details highlight compliance with regulatory requirements and transparency in disclosures.

According to information available from the Pakistan Stock Exchange (PSX), the sale of shares by Mr. Ahmad is part of a mandatory disclosure requirement aimed at maintaining transparency in trading activities involving company insiders. The PSX regulation requires directors, executives, and substantial shareholders, along with their spouses and minors, to disclose any transactions involving the company's shares.

This disclosure is crucial for maintaining investor confidence and ensuring that all market participants have access to timely and accurate information regarding transactions by those in positions of influence within a company. The designated market category for Sitara Chemical Industries Limited is the ready market, where shares are traded at prevailing market prices.