Karachi, (PPI Bot): In a recent disclosure to the Pakistan Stock Exchange (PSE), a substantial shareholder of an undisclosed company, Mr. Khalid Malik, revealed a significant purchase of shares. According to the information made available, Mr. Khalid Malik acquired 53,000 shares on November 20, 2023, through the CDC Ready market, at a rate of 7.12 per share.

The disclosure, made under section 5.6.1(d) of PSX Regulations, pertains to the interest shown by a director, CEO, or executive of a listed company, as well as their spouses and substantial shareholders. The purpose of this disclosure is to ensure transparency and compliance with the regulations governing such transactions.

The identity of the company in which Mr. Khalid Malik acquired these shares remains undisclosed, as per the information provided. The purchase of a substantial number of shares by a prominent shareholder is a notable development in the financial landscape, and it will be of interest to investors and market participants to monitor any further developments related to this transaction.