Lahore: Recent filings with the Pakistan Stock Exchange (PSX) disclose a series of share disposals by substantial shareholders of Treet Corporation Limited. According to information available from the Pakistan Stock Exchange (PSX), these transactions took place over several dates in October 2024, involving substantial volumes of shares.

The detailed filings reveal that Treet Corporation Limited executed five major transactions through the Central Depository Company (CDC). On October 7, 2024, a total of 500,000 shares were sold at a rate of 13.81 PKR per share. Subsequent sales occurred on October 9, 14, and 16, involving 222,150 shares at 14.95 PKR, 19,050 shares at 14.23 PKR, and 201,883 shares at 13.83 PKR respectively. The largest transaction was executed on October 10, with 433,052 shares sold at 15.21 PKR per share.

These sales have impacted the cumulative holdings of the relevant substantial shareholders, with their total ownership decreasing from over 93.53% to approximately 93.21% of the total shares. This series of transactions comes under regulatory scrutiny as they are subject to specific reporting requirements under PSX regulation 5.6.4, ensuring transparency in the dealings by major shareholders during sensitive trading periods.

The Securities and Exchange Commission of Pakistan (SECP) mandates that such significant transaction reports be submitted posthaste to ensure compliance with market regulations and maintain orderly trading practices.