Interloop Executives Report Significant Share Transactions

Karachi: Interloop Limited, a prominent player in the textile sector, has reported substantial share transactions involving key executives, according to a recent disclosure. The transactions, as required under PSX regulation 5.6.4, were executed by family members of the company’s top executives, including non-executive directors.

Ferhmidah Jahan Zeb and Pehlaj Jahan Zeb, both related to Jahan Zeb Khan, a non-executive director at Interloop, conducted significant sell-offs of company shares. Ferhmidah Jahan Zeb sold 33,501 shares on October 11, 2024, at a rate of 76.68, totaling a cumulative percentage of 0.35% of shares. Meanwhile, Pehlaj Jahan Zeb sold 445,684 shares on October 16, 2024, at a rate of 71.12, which accounts for 0.04% of the cumulative shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions were part of routine financial movements expected within the regulatory framework that governs disclosures and transactions by company insiders. These moves are closely monitored to ensure compliance with market regulations and to maintain transparency in the trading of shares by individuals closely associated with the company executives.

The company has stated that all details of these transactions have been duly reported and will be updated in the UIN Management System as mandated by PSX guidelines. This ensures that all shareholder activities are transparent and within the legal bounds set by market authorities.

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