AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Biafo Industries Limited has disclosed transactions executed by a substantial shareholder, Basit Waheed, involving the sale of shares of the company. The details of the transactions are as follows:
1. Date: July 12, 2023
Nature: Sell
Number of Shares: 3,500
Rate: 68.63
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
2. Date: July 13, 2023
Nature: Sell
Number of Shares: 44,500
Rate: 67.85
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
3. Date: July 14, 2023
Nature: Sell
Number of Shares: 22,500
Rate: 67.24
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
4. Date: July 19, 2023
Nature: Sell
Number of Shares: 6,000
Rate: 67.47
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
5. Date: July 20, 2023
Nature: Sell
Number of Shares: 2,000
Rate: 67.50
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
6. Date: July 21, 2023
Nature: Sell
Number of Shares: 34,000
Rate: 67.88
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
7. Date: July 24, 2023
Nature: Sell
Number of Shares: 17,500
Rate: 67.06
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
Basit Waheed, as a substantial shareholder and involved in these transactions, has executed a significant volume of share sales in Biafo Industries Limited throughout the month of July. The sales have been carried out in the Ready market through the Central Depository Company.
As per regulatory requirements, these transactions have been disclosed to ensure transparency and compliance with applicable regulations. Investors and stakeholders will be closely monitoring these developments to gauge the potential implications on the company’s stock performance and overall financial position.
The motive behind the share sales and its impact on the company’s ownership structure and share price will be subjects of interest in the market. The Board of Directors of Biafo Industries Limited may also be called upon to provide explanations regarding these transactions and their implications for the company and its shareholders.
The post Director of Biafo Industries Limited Executes Significant Share Sales in July appeared first on Pakistan Company News.