AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, EQUITY INTERNATIONAL (PVT) LTD, a substantial shareholder, has completed significant transactions involving the purchase of shares of an undisclosed company listed on the Pakistan Stock Exchange. On June 11, 2024, the firm bought 152,000 shares at a rate of 5.29 and 679,000 shares at a rate of 5.01, all through CDC ready certificates.
According to information available from the Pakistan Stock Exchange (PSX), the transactions are set to be reviewed in the subsequent board meeting, including any potential non-compliance issues as per PSX regulations. The company also confirmed that if the holding period for these transactions is less than six months, profits will be dealt with according to the requirements of the Securities Act, 2015.