AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, A recent transaction on the Pakistan Stock Exchange (PSE) involved Danish Elahi, a Director at Blue-EX Limited, purchasing 730,000 shares of the company. The shares, traded on May 6, 2024, were bought at a rate of 65.00 PKR per share through the CDC form of share certificates, as reported in the NDM market section.
The company has announced that this transaction will be reviewed in the upcoming board meeting, with a focus on addressing any non-compliance issues as per clause No. 5.6.1(d) of PSX Regulations. This action is part of the necessary disclosures to the Exchange under the regulatory framework.
Furthermore, Blue-EX Limited confirmed the holding period for the shares exceeds six months. Should this period have been less, the company would have been required to deposit any profit from the transaction with the Securities and Exchange Commission of Pakistan (SECP), in compliance with Section 105 of the Securities Act, 2015.