Karachi: In a significant development within the financial sector, TPL Properties Limited, a substantial shareholder in TPL REIT Fund I, has executed a series of major share sell-offs, totaling 128 million shares over a span of several days. The transactions were disclosed in accordance with the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The announcement was made on July 9, 2026.

According to the detailed information, TPL Properties Limited engaged in multiple transactions, beginning on June 30, 2026, and extending through July 6, 2026. These transactions involved the sale of shares in various market categories, including both NDM and Ready markets.

The first transaction on June 30 involved the sale of 7.10 million shares at a rate of 5.10 per share. This was followed by a substantial sell-off on July 2, where 20 million shares were sold at a rate of 10.60 per share. The activity continued on July 3, with three separate transactions amounting to 41 million shares sold at rates ranging between 10.50 and 10.54 per share.

A particularly noteworthy transaction occurred on July 3, where 55 million shares were sold at a rate of 9.50 per share in the NDM market. This was followed by additional sales on July 6, comprising 5 million shares each in the Ready and NDM markets, at rates of 10.67 and 9.50 per share, respectively. The cumulative number of shares now stands at 578.44 million, maintaining a cumulative percentage of 31.52.

According to information available from the Pakistan Stock Exchange (PSX), these transactions represent a very large or significant move in the market, given the volume and the impact on the shareholder's position within the company. The designated market categories involved in these transactions highlight the strategic adjustments being made by TPL Properties Limited in its investment portfolio.

The disclosure of these transactions is crucial for market transparency and provides insight into the strategic decisions of one of the major players in the TPL REIT Fund I. The financial community will closely monitor the implications of these sales on the broader market dynamics and TPL Properties Limited's future investment strategies.