MCB Director buys Rs. 149 million worth of stock

In a notification sent to the PSX on 12/02/2024, MCB Bank Limited (MCB) announced that a non-executive director of the company bought 814623 shares of the company.

Mr. Tariq Rafi, a non-executive director of the company, bought 814623 shares of MCB at a price of Rs. 183.76

This amounts to a total of Rs. 149.6 million that he has invested in the company.

📢 Announcement: We're Moving to Discord – Join Us There! 

Hi everyone! 👋

To improve your experience and offer additional features, we’re moving our community from WhatsApp to Discord!

Here’s what you’ll get on Discord:

✅ Research Reports Channel – Access a regularly updated compilation of valuable research reports
✅ PSX24/7 Bot – Ask anything about the PSX and get instant insights powered by KSEStocks historical data
✅ Organized Channels – Separate spaces for discussions, news, reports, and more
✅ Better Notifications – Control what you see and when
✅ Smoother Interaction – Easier to follow and participate in conversations
✅ Organized trading ideas - trading ideas that you can discuss and keep track of

Join now 👉 https://discord.gg/kST9hWjS

Mr. Rafi also serves on the boards of Siddiqsons Tin Plate Limited (STPL) and Central Depository Company of Pakistan Limited (CDC).

The market cap of MCB stands at Rs. 216 billion. Its shares were trading at Rs. 182.14 at the close of trading.

⚠️ 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.