Millat Tractors Limited Director Purchases Shares on Pakistan Stock Exchange

Karachi, A recent transaction on the Pakistan Stock Exchange reveals that Qaiser Saleem, a Non-Executive Director of Millat Tractors Limited, has purchased 4,270 shares of the company. The shares were bought at a rate of 604.50 PKR per share and registered under the Central Depository Company (CDC) in the Ready Market.

This transaction is slated to be reviewed in the upcoming board meeting of Millat Tractors Limited. The review will include an examination of any non-compliance issues as stipulated by clause No. 5.6.1(d) of the PSX Regulation. The company has confirmed adherence to the regulations, noting that the holding period for the transaction exceeds six months. Should the holding period be found to be less than six months, the company will comply by depositing the equivalent profit with the Securities and Exchange Commission of Pakistan (SECP), as mandated under Section 105 of the Securities Act, 2015.