Karachi: In a significant market move on July 2, 2024, Mst. Andleeb Kausar, a substantial shareholder at Yousaf Weaving Mills Limited, sold 2,100,000 shares at a rate of Rs. 2.50 per share through the National Debt Market (NDM).

According to information available from the Pakistan Stock Exchange (PSX), this transaction was processed via the Central Depository Company (CDC), reflecting a notable change in the shareholder structure of the company.

This transaction will be reviewed in the upcoming board meeting of Yousaf Weaving Mills, in line with clause no. 5.6.4 of PSX Regulations, which governs the disclosure requirements and oversight of transactions involving significant shareholders.

The sale represents a critical activity within the company's trading environment, potentially impacting its stock performance and investor perceptions. Further details and implications of this transaction are expected to be discussed during the board's deliberations.