UBL reports insider transactions worth over Rs 1.30 billion
In a notification sent to the PSX on 16/05/2024, United Bank Limited (UBL) reported multiple transactions. detailed in the following table.
| Name of Person/Entity | Date | Nature | No. of Shares | Rate per Share (Rupees) | Total Amount |
|---|---|---|---|---|---|
| Providus Capital (Pvt) Ltd | 15-05-2024 | Buy | 1,370,122 | 203.1848 | 278,387,964 |
| Providus Capital (Pvt) Ltd | 16-05-2024 | Buy | 500,000 | 209.1633 | 104,581,650 |
| Providus Capital (Pvt) Ltd | 17-05-2024 | Buy | 2,256,378 | 212.8824 | 480,343,163 |
| Providus Capital (Pvt) Ltd | 20-05-2024 | Buy | 1,773,994 | 212.5139 | 376,998,383 |
| 5,900,494 | Avg Rate (210.20) | 1,240,311,160 |
| Name of Person (Description) | Date | Nature | No. of Shares | Rate | Total Amount |
|---|---|---|---|---|---|
| Zameer Mohammed Choudrey (Non-Executive Director) | 2024-05-15 | BUY | 70000 | 205.00 | 14,350,000.00 |
| Haider Zameer Choudrey (Non-Executive Director) | 2024-05-14 | BUY | 75000 | 198.05 | 14,853,750.00 |
| Rakshanda Choudrey (Spouse of Zameer Mohammed Choudrey; Non-Executive Director) | 2024-05-15 | BUY | 55000 | 203.52 | 11,193,600.00 |
| Umair Zameer Choudrey (Substantial Shareholder) | 2024-05-14 | BUY | 4845 | 198.15 | 960,486.75 |
| Umair Zameer Choudrey (Substantial Shareholder) | 2024-05-15 | BUY | 90155 | 202.63 | 18,271,227.65 |
| Total | 295,000 | Avg RAte (202.12) | 59,628,064.40 |
UBL shares were last trading at Rs 215.01 today.
⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →
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