Sitara Chemical Industries Limited Director’s Spouse Sells Shares

Karachi, A significant transaction was executed involving shares of Sitara Chemical Industries Limited, According to information available from the Pakistan Stock Exchange (PSX). Mrs. Jamia Anees, spouse of Mr. Haseeb Ahmad, an Executive Director at Sitara Chemical Industries Limited, sold 7,200 shares on May 24. The shares were sold at a rate of PKR 300 per share through the Central Depository Company (CDC) on the Ready Market.

This transaction will be reviewed in the upcoming board meeting, where any non-compliances with PSX Regulations, specifically clause No. 5.6.1.(d), will be highlighted and addressed. It has been confirmed that the holding period for the shares was over six months. If it had been less than six months, the profit would have been subject to a cheque deposit with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015, with a subsequent intimation to PSX.