Weavers Pakistan (Pvt.) Limited has increased its shareholding in Dost Steels Limited after acquiring a significant number of shares through market transactions, according to a disclosure submitted under Pakistan Stock Exchange (PSX) Regulation 5.6.4.
The company informed Dost Steels that it executed two separate purchase transactions during April 2026. On April 22, 2026, Weavers Pakistan purchased 32.5 million shares from the ready market at a price of Rs. 6.72 per share. Following the transaction, its cumulative shareholding in Dost Steels rose to 48.15 million shares, representing 10.83% of the company’s total shares.
A day later, on April 23, 2026, the company further acquired 6 million shares at Rs. 6.45 per share. This additional investment increased Weavers Pakistan’s total holding to 54.15 million shares, equivalent to 12.18% of Dost Steels’ outstanding shares.
The disclosure was signed by Muhammad Ali, Chief Executive Officer and Managing Director of Weavers Pakistan (Pvt.) Limited, and submitted as part of the regulatory requirements concerning transactions by substantial shareholders and other relevant persons.
The latest purchases highlight Weavers Pakistan’s growing interest in Dost Steels, with the company crossing the 12% ownership threshold through consecutive market acquisitions. The increased stake may be viewed by investors as a sign of confidence in Dost Steels’ future prospects and strategic direction.
