Categories: Insider Transactions

ALTN reports insider transaction worth Rs 40m

In a notification sent to the PSX on 27/05/2024, Altern Energy Limited (ALTN) reported a transaction by the non-executive director.

The transaction was carried out by Mr. Shah Muhammad Ch., who is a non-executive director.

He sold a total of 155,000 shares of the company at a price of Rs. 25.95 per share. The total amount for this transaction stands at Rs. 4,023,350.

An insider buying stock in a company is often interpreted as a positive signal by investors. It suggests that those with intimate knowledge of the company’s operations and prospects believe the stock is undervalued or poised for growth, leading to a positive impact on the stock price.

ALTN shares were last trading at Rs. 23.70 today.


Aamir Hayat

Recent Posts

LCC Korea to sell 75.01% stake in Lotte Chemical Pakistan

On 20-02-2025, Lotte Chemical Pakistan Limited (LOTCHEM) disclosed the following material information.

2 days ago

Netsol stock on a temporary hiatus, but a fresh rally awaits

On the monthly time frame, Netsol has a history of boom and bust cycles

2 days ago

OGDC: The People’s Choice for All-Time Stock

OIL & GAS EXPLORATION COMPANIES (OGDC) have made good corrections but it is still in…

3 days ago

LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan

The Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea), the majority (75.01%)…

3 days ago

GGGL suspends furnace operations for maintenance until May 15, 2025

After the completion of the expected life of the furnace, Ghani Global Glass Limited (GGGL)…

3 days ago

Pakistan State Oil (PSO) from Grounded to Greatness

Pakistan State Oil (PSO) is trying to sustain above 300 level.

3 days ago