Synthetic Products Enterprises Limited Reports Insider Trading Activity

Karachi: Synthetic Products Enterprises Limited has disclosed recent share transactions by one of its executives, Khalil Ahmad Hashmi, which were conducted in accordance with the Pakistan Stock Exchange (PSX) regulations.

According to information available from the Pakistan Stock Exchange (PSX), Hashmi engaged in both the purchase and sale of company shares on August 16, 2024. The details of the transactions include the purchase of 5,000 shares at a rate of Rs. 51.00 and the sale of 62,910 shares at Rs. 51.18, all managed through the Central Depository System (CDS).

The company has confirmed that these transactions will be reviewed in the upcoming board meeting to ensure compliance with clause No. 5.6.1.(d) of PSX Regulations. Additionally, the company noted that the holding period for these transactions exceeds six months. If it were less than six months, any profit earned would be subjected to return to the Securities and Exchange Commission of Pakistan (SECP), as mandated under Section 105 of the Securities Act, 2015.

This report aims to maintain transparency in line with regulatory requirements and to uphold corporate governance standards within the company.

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