Karachi: Yunus Textile Mills Limited, an associated company of Lucky Cement Limited, has conducted a series of transactions involving the acquisition of shares in Lucky Cement. The transactions, disclosed on September 5, 2025, mark a continued interest in the cement manufacturing giant by the textile firm.
According to the details provided, Yunus Textile Mills Limited executed two separate purchase transactions earlier this month. On September 3, 2025, the company bought 90,000 shares at an average rate of 444.84 per share. This was followed by another acquisition of 80,000 shares on September 4, 2025, at an average rate of 448.19 per share. Both transactions involved shares in the Central Depository Company (CDC) and were conducted in the ready market.
Following these acquisitions, the cumulative number of shares held by Yunus Textile Mills in Lucky Cement reached 115.06 million, representing 7.85% of the total shares. According to information available from the Pakistan Stock Exchange (PSX), the transactions reflect a Big move in the market, indicating a significant level of activity and interest in the cement company’s shares by the textile firm.
The management of Lucky Cement Limited has confirmed that these transactions will be addressed in an upcoming board meeting, although further details regarding the implications of this increased stake were not disclosed. Lucky Cement is categorized under the designated market category of cement manufacturing.