Arif Habib sells Rs 78 million worth of SMCPL stock
In a notification sent to the PSX on 16/05/2024, Safe Mix Concrete Limited (SMCPL) reported a transaction by a substantial shareholder.
The transaction was carried out by Arif Habib, who is a substantial shareholder.
He sold a total of 3,776,500 shares of the company at a price of Rs. 20.71 per share. The total amount for this transaction stands at Rs. 78,215,295.
📢 Announcement: We're on WhatsApp – Join Us There!Â
Here's what you get:
- Member-Only Discussion Community
- Research Reports with Explanations & Expert Views
- Access to Exclusive KSEStocks Market Reports
- Model Portfolio with Clear Investment Rationale
- Monthly Portfolio Review & Health Check
- On-Demand Stock Coverage Requests
- PSX Facilitation (CDC Account, Share Transfer, Physical Conversion)
Sr. No. | Date | Rate | Number of Shares | Total Amount | Nature |
---|---|---|---|---|---|
1 | 10-May-24 | 20.67 | 3,173,000 | 65,585,910 | SELL |
2 | 13-May-24 | 21.48 | 102,000 | 2,191,960 | SELL |
3 | 14-May-24 | 20.83 | 477,000 | 9,935,910 | SELL |
4 | 15-May-24 | 20.47 | 24,500 | 501,515 | SELL |
Total | — | Avg Rate (20.71) | 3,776,500 | 78,215,295 | — |
An insider selling stock in a company can sometimes be viewed cautiously by investors, as it may indicate various reasons behind the sale. However, this action alone does not necessarily imply negative sentiments.
SMCPL shares were last trading at Rs. 20.00 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 →
Don't miss:
- Which cars are driving the rally in auto stocks?
- Is DGKC going to Rs. 240?
- Why TPLP could go higher.
Â
Leave a Reply