Arif Habib sells Rs 78 million worth of SMCPL stock

Posted by: Aamir Hayat 0

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.

Sr. No.DateRateNumber of SharesTotal AmountNature
TotalAvg Rate (20.71)3,776,50078,215,295
Source: PSX, KSEStocks

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.

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