In a notification sent to the PSX on 03/04/2024, Millat Tractors Limited (MTL) reported a transaction by one of its directors.
The transaction was carried out by Laeeq ud din Ansari, who is a non-executive Director.
He bought a total of 28,155 shares of the company at a price of Rs. 585.50 per share.
The total amount for this transaction stands at Rs. 16,484,752.5.
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.
MTL shares were last trading at Rs. 587.16 today.
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