⏸️ THCCL: NEUTRAL Signal (5/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

📌 Key Takeaways

• 💼 Director’s Transactions: Ms. Naheed Memon, a director at THCCL, executed both a sale and a purchase of company shares.
• 📉 Sale Transaction: On September 30, 2025, Ms. Memon sold 21,750 shares.
• 💰 Sale Price: The shares were sold at a rate of PKR 70.00 per share.
• 📈 Purchase Transaction: On October 1, 2025, Ms. Memon bought 200 shares.
• 💲 Purchase Price: The shares were purchased at a rate of PKR 78.25 per share.
• 🏦 Form of Shares: Both transactions involved shares held in CDC (Central Depository Company).
• ✅ Market Status: Both transactions are marked as ‘Ready’ for the market.
• 📅 Reporting Date: The disclosure was made on October 30, 2025.
• 📜 Regulatory Compliance: The transactions are reported under clause 5.6.4 of the PSX Regulations.
• 📑 Board Presentation: The transactions will be presented in a subsequent board meeting for consideration.
• 🏢 Company Confirmation: Thatta Cement Company Limited confirms the transactions to the Exchange.

🎯 Investment Thesis

HOLD. The director’s transactions, while noteworthy, do not provide a strong enough signal to warrant a change in investment strategy. The sale of a substantial number of shares might raise concerns, but the offsetting purchase, albeit small, mitigates the negative sentiment. Further monitoring of company performance and market conditions is necessary before making any changes.