CHCC reports insider transaction worth Rs. 3.2 million

In a notification sent to the PSX on 06/05/2024, Cherat Cement Co Limited (CHCC) reported a transaction by the non-executive director.

The transaction was carried out by M. Arif Dino Rafuque, who is a non-executive director. He sold a total of 20000 shares of the company at a price of Rs. 162 per share. The total amount for this transaction stands at Rs. 3,240,000.

An insider selling stock in a company can sometimes raise questions for investors about the company’s future prospects or performance. However, it’s important to consider various factors before drawing conclusions based solely on insider transactions.

The shares of CHCC were last trading at Rs. 164.75 today.