Categories: Insider Transactions

ILP reports insider transactions worth over Rs 11 million

In a notification sent to the PSX on 07/06/2024, Interloop Limited (ILP) reported a transaction by the executive. The transaction was carried out by Mr. Tariq Rashid Malik, who is an executive. He sold a total of 145000 shares of the company at a price of Rs. 81.35 per share. The total amount for this transaction stands at Rs. 11796922.

An insider buying stock in a company is often interpreted as a positive signal by investors. It suggests that those with intimate knowledge of the company’s operations and prospects believe the stock is undervalued or poised for growth, leading to a positive impact on the stock price.

ILP shares were last trading at Rs. 80.24 today.

Aamir Hayat

Recent Posts

LCC Korea to sell 75.01% stake in Lotte Chemical Pakistan

On 20-02-2025, Lotte Chemical Pakistan Limited (LOTCHEM) disclosed the following material information.

1 day ago

Netsol stock on a temporary hiatus, but a fresh rally awaits

On the monthly time frame, Netsol has a history of boom and bust cycles

1 day ago

OGDC: The People’s Choice for All-Time Stock

OIL & GAS EXPLORATION COMPANIES (OGDC) have made good corrections but it is still in…

2 days ago

LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan

The Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea), the majority (75.01%)…

2 days ago

GGGL suspends furnace operations for maintenance until May 15, 2025

After the completion of the expected life of the furnace, Ghani Global Glass Limited (GGGL)…

2 days ago

Pakistan State Oil (PSO) from Grounded to Greatness

Pakistan State Oil (PSO) is trying to sustain above 300 level.

2 days ago