Director of Power Cement Limited Sells 12 Million Shares, Spouse Buys Same Amount

Karachi, In a recent disclosure of interest, Syed Salman Rashid, a Non-Executive Director of Power Cement Limited, executed a transaction involving the sale of 12 million shares of the company. Simultaneously, his spouse, Rehana Salman, who is also a Non-Executive Director, purchased the same number of shares. The details of these transactions are as follows:

On June 7, 2023, Syed Salman Rashid sold 12 million shares of Power Cement Limited at a rate of 4.13 per share. The transaction was facilitated through CDC (Central Depository Company) and involved the use of NOM (Non-Objectable Marketable) shares.

On the same day, Rehana Salman, the spouse of Syed Salman Rashid, bought 12 million shares of the company at the same rate of 4.13 per share. The purchase was also conducted through CDC and involved NOM shares.

The disclosure of these transactions provides insight into the trading activities of the company’s key individuals and their immediate family members. Such disclosures play a crucial role in maintaining transparency and ensuring fair market practices.