Pakistan Stock Exchange Notifies Transaction by Director’s Spouse

Karachi, The Pakistan Stock Exchange (PSE) today disclosed a significant transaction involving Mrs. Tehmineh Kashani, the spouse of a director, Mr. Syed Shahid Ali Bukhari. According to the notification, Mrs. Kashani sold 840 shares of an undisclosed company at a rate of 1,638.64 per share on December 15, 2023. The transaction was conducted through the Central Depository Company (CDC) with a T+2 settlement.

The exchange was informed that this transaction would be reviewed in the upcoming board meeting to ensure compliance with PSX Regulations, specifically clause No. 5.6.4. The notification also confirmed that the holding period for these shares exceeded six months. Should the holding period have been less than six months, the profit from the sale would be required to be deposited with the Securities and Exchange Commission of Pakistan (SECP), in accordance with Section 105 of the Securities Act, 2015, and duly notified to the PSX.