Metropolitan Steel Corporation Ltd. (MSC) has disclosed the purchase of 143,272 shares by Mr. Umair Farooqui, spouse of Executive Director Mrs. Saba Mehkari, in compliance with Pakistan Stock Exchange (PSX) Regulation 5.6.4.
According to a notification submitted to the Pakistan Stock Exchange on June 5, 2026, Mr. Farooqui executed two separate market transactions through the Central Depository Company (CDC) ready market. The first transaction involved the purchase of 43,272 shares on June 2, 2026, at a rate of Rs. 28.62 per share. This was followed by the acquisition of 100,000 shares on June 3, 2026, at a rate of Rs. 29.52 per share.
The disclosure was made under PSX regulations that require listed companies to report transactions conducted by directors, chief executives, executives, substantial shareholders, and their immediate family members. Such disclosures are intended to enhance market transparency and ensure investors remain informed about insider-related trading activities.
MSC stated that the transactions will be presented before the Board of Directors at its next meeting. The company also reaffirmed compliance with Section 105 of the Securities Act, 2015, concerning applicable holding period requirements and insider trading restrictions during closed periods.
The notification was signed by Company Secretary Abul Mojahid and submitted to the Pakistan Stock Exchange from the company’s head office in Karachi.
