NETSOL insider transaction over Rs. 6 million

In a notification sent to the PSX on 19/04/2024, NETSOL Technologies Limited (NETSOL) reported a transaction by the Executive Director.

The transaction was carried out by Omar Shahab Ghauri, who is the Executive Director.

He sold a total of 50000 shares of the company for Rs. 120.72 per share. The total amount for this transaction stands at Rs. 6,036,000.

Investors often interpret an insider selling stock in a company as a signal worth noting. While it could mean various things, including personal financial needs or a lack of confidence in the company’s future performance, it’s essential to consider other factors alongside insider transactions.

The shares of NETSOL were last trading at Rs. 120.55 today.