Karachi: In a noteworthy development for the Trust Modaraba, Mr. Faisal Abdul Sattar Pakhali has executed significant transactions in the certificates of the entity. These transactions were disclosed in a recent announcement, shedding light on Mr. Pakhali's increased stake in the Modaraba.

According to the disclosure, Mr. Faisal Abdul Sattar Pakhali engaged in two separate transactions resulting in the acquisition of a substantial number of shares. On May 5, 2025, Mr. Pakhali purchased 639,455 shares at an average rate of 4.66 per share. This transaction increased his cumulative shareholding to 11,671,497 shares, representing 39.17% of the total.

Following this, on May 6, 2025, Mr. Pakhali further expanded his holdings by acquiring an additional 34,058 shares at an average rate of 4.74 per share. This resulted in a total shareholding of 11,705,555 shares, accounting for 39.28% of the overall shares.

The transactions were conducted in the Ready Market segment under the Central Depository Company (CDC) framework. According to information available from the Pakistan Stock Exchange (PSX), these acquisitions have placed Mr. Pakhali in a more commanding position within Trust Modaraba, a designated market category entity.

These disclosures are part of the regular reporting requirements aimed at maintaining transparency and informing stakeholders of significant changes in shareholding structures.