Shifa International Hospitals Reports Insider Trading by Executives

Karachi: Shifa International Hospitals Limited has disclosed insider trading activities involving its high-ranking executives and their significant shareholders. According to information available from the Pakistan Stock Exchange (PSX), the company, in a recent filing dated August 13, 2024, reported transactions by its CEO, Dr. Zeeshan Bin Ishtiaque, and a member of the senior management, Mr. Mohsin Qazi. Dr. Ishtiaque purchased 1,483 shares at a rate of 129.60 per share, while Mr. Qazi acquired 1,000 shares at 129.61 per share. Both transactions were conducted through CDC certificates, indicating a formal and traceable method of share transfer within the market designated category.

These transactions are reported under clause 5.6.4 of PSX Regulations concerning the disclosure of interest by directors, CEOs, executives, their spouses, and substantial shareholders. This regulation mandates the reporting of any significant trading activities by insiders of listed companies to ensure transparency and maintain fair trading practices within the stock exchange.

Shareholders and potential investors are advised to consider these transactions in their assessment of the company’s management and financial health.

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