AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: A significant stock purchase within Karam Ceramics Limited was reported, involving a director of the company. According to information available from the Pakistan Stock Exchange (PSX), Syed Azfar Ali Nasir, a director at Karam Ceramics Limited, executed a notable transaction on June 28, 2024. He acquired 252,117 shares at a rate of 20 PKR per share. The shares were bought in the form of CDC, on the Normal Delivery Market (NDM).
This disclosure aligns with the regulatory requirements under section 5.6.1 (d) of the PSX regulations, which mandate transparency of such transactions by directors of listed companies.
The transaction not only underscores the ongoing financial activities within the upper echelons of Karam Ceramics but also reflects compliance with market regulations that enforce disclosure to maintain fair trading practices.