EFUL reported insider transaction worth Rs. 3.7 million

In a notification sent to the PSX on 08/05/2024, EFU Life Assurance Limited (EFUL) reported a transaction by the non-executive director.

The transaction was carried out by Mr. Saifuddin N. Zoomkawala, who is a non-executive director.

He sold a total of 20,000 shares of the company at a price of Rs. 189.67 per share. The total amount for this transaction stands at Rs. 3,793,400.

This analysis was compiled by the KSEStocks Team. Want to discuss stock prospects with like-minded people? Join the KSEStocks WhatsApp community and discuss your ideas with our investment-focused community members.

Tap on the group of your choice to join.

An insider selling stock in a company can sometimes be seen as a signal by investors. It suggests that those with intimate knowledge of the company’s operations and prospects have taken this action, possibly indicating their view on the stock.

The shares of EFUL were last trading at Rs. 190.01 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 →

Don't miss:

• Which cars are driving the rally in auto stocks?
• Is DGKC going to Rs. 240?
• Why TPLP could go higher.