Karachi: In a significant trading move on October 10, 2024, executives at Sharameen Foods Pvt. Ltd. conducted notable buy and sell transactions in the shares of Reliance Insurance Company Limited. According to a notification sent to the Pakistan Stock Exchange, a substantial shareholder bought 10,000 shares at a rate of Rs. 10.24 per share and sold 1,000 shares at Rs. 9.90 each on the same day.
According to information available from the Pakistan Stock Exchange (PSX), these transactions are a part of the regulatory disclosure requirements under PSX regulation 5.6.4, which mandates the immediate reporting of any trading activities by directors, chief executives, and substantial shareholders.
The cumulative shares held by this entity now stand at 789,152 shares, making up 11.86% of the company’s issued share capital. This level of ownership and the day’s trading activities reflect an ongoing interest and strategic adjustments in shareholding patterns by major stakeholders within the company.
Reliance Insurance Company Limited, in compliance with securities regulations, has confirmed that all relevant transaction details have been promptly updated in the Universal Identification Number Management System as required by the PSX.