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.
TRG Pakistan Limited (TRG), through its associate TRG International, holds significant stakes in two key…
Headline inflation is expected to reach approximately 12.66% in June 2024, compared to 11.76% in…
Pakistan Aluminium Beverage Cans Limited (PABC) has announced that it achieves AA- long term rating.
Ismail Industries Limited (ISIL) announced that it is to begin the regulatory process for Abu…
the average industry Gross Refining Margin (GRM) is expected to be around $3.8 per barrel.
Unity Foods Limited (UNITY) reported a transaction by a non-executive director.