In multiple notifications sent to the PSX during the last week, Millat Tractors Limited (MTL) reported some insider transaction by its non-executive directors.
The transactions were carried out by Mr. Laeeq ud din Ansari, who is a non-executive director.
He bought a total of 71,518 shares of the company for Rs. 585 per share on average. The total amount for this transaction stands at Rs. 41,843,630.
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. 587.56 today.
Ghandhara Automobil;es Limited's (GAL) strategic entry into the pickup truck market with the launch of…
Topline Securities (Private) Limited has just published a report on the SBP monetary policy update.
Taurus Securities Limited has just published a report on MLT's monthly sales.
AKD Securities has just published a report on APL's Q2 earnings expectations. The firm expects…
AKD Securities has just published a report on PSO's Q2 earnings expectations. The firm expects…
Engro Fertilizers (EFERT) having an effective market position as Pakistan’s second largest urea producer has…