Karachi: In a recent development, Yunus Textile Mills Limited has executed two significant transactions involving the sale of shares in Lucky Core Industries Limited. This information was disclosed in an official statement by Lucky Core Industries on September 11, 2025.
According to the details provided, Yunus Textile Mills Limited sold 54,000 shares of Lucky Core Industries on September 9, 2025. This transaction was executed at a rate of 308.57 per share. The shares were traded in the Central Depository Company (CDC) form within the ready market. Following this sale, the cumulative number of shares held by Yunus Textile Mills stood at 54.00 million, reflecting a cumulative percentage of 11.69%.
Subsequently, on September 10, 2025, Yunus Textile Mills proceeded with an additional sale of 400,000 shares at a rate of 308.04 per share. This sale further reduced their holding to 53.60 million shares, with the cumulative percentage decreasing to 11.61%.
According to information available from the Pakistan Stock Exchange (PSX), these transactions represent what can be classified as a Very large or significant move in terms of the cumulative percentage change. The shares traded in both instances were in the CDC form and conducted within the ready market category.
The disclosure from Lucky Core Industries also confirmed that these transactions will be presented in an upcoming board meeting, as mandated by clause No. 5.6.4 of PSX Regulations. The company has communicated this information to the members of the Exchange for transparency and compliance with regulatory requirements.