AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore, Karam Ceramics Limited has announced that one of its directors, Syed Azhar Ali Nasir, executed a transaction involving the purchase of company shares on June 24, 2024. According to information available from the Pakistan Stock Exchange (PSX), the disclosure comes under regulation 5.6.1 (d) concerning director interest in the company’s transactions.
The transaction detailed the purchase of 252,117 shares at a rate of Rs. 20 per share. These shares are held in CDC form, indicative of their registration and electronic management by the Central Depository Company, aligning with standard practices on the National Development Market (NDM).
This move by a director to invest in the company is often viewed as a positive signal to the market regarding the financial health and future prospects of the company.