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. | 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.
AGP Limited (AGP) monthly market structure is showing strong bullish trend. Even this stock broke…
When a dividend is paid, the share price drops by approximately the same amount because…
On November 5, 2024, Mughal Iron & Steel Industries Limited (MUGHAL) announced a unique rights…
How to analyze pharma sector companies in PSX. Pakistan's pharma sector is considered a complicated…
Shifa International (SHFA) has already rallied 150%, but there is still more upside to the…
Habib Metropolitan Bank Limited (HMB) recently released its second-quarter results for 2024, revealing a mixed…