CHCC reports insider transaction worth Rs. 3.2 million

In a notification sent to the PSX on 06/05/2024, Cherat Cement Co Limited (CHCC) reported a transaction by the non-executive director.

The transaction was carried out by M. Arif Dino Rafuque, who is a non-executive director. He sold a total of 20000 shares of the company at a price of Rs. 162 per share. The total amount for this transaction stands at Rs. 3,240,000.

An insider selling stock in a company can sometimes raise questions for investors about the company’s future prospects or performance. However, it’s important to consider various factors before drawing conclusions based solely on insider transactions.

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The shares of CHCC were last trading at Rs. 164.75 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 →