CHCC reported insider transaction over Rs. 4.5 million

In a notification sent to the PSX on 08/05/2024, Cherat Cement Co Ltd (CHCC) reported a transaction by the non-executive director.

The transaction was carried out by Mr Ashfaq and Mr Ghulam Hussain, who are non-executive directors.

He sold a total of 30,000 shares of the company at a price of Rs. 165.00 per share. The total amount for this transaction stands at Rs. 4,950,000.

An insider selling stock in a company can sometimes raise concerns among investors, as it may indicate a lack of confidence in the company’s future prospects or other undisclosed issues. Investors often monitor insider transactions for clues about the health and outlook of a company.

CHCC shares were last trading at Rs. 163.90 today.