NETSOL insider transaction worth Rs.6 million

Posted by: Aamir Hayat Like: 0 Post Date: April 23, 2024

NETSOL insider transaction worth Rs.6 million

In a notification sent to the PSX on 22/04/2024, Netsol Technologies Limited (NETSOL) reported a transaction by the Executive Director.

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

He sold a total of 50,000 shares of the company for Rs. 120.94 per share. The total amount for this transaction stands at Rs. 6,047,000.

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Investors often interpret an insider selling stock in a company with caution. However, it’s important to note that insider selling may not always signal negative prospects for a company. It could be for various reasons, including personal financial needs or diversification of investment portfolios.

The shares of NETSOL were last trading at Rs. 131.99 today.

⚠️ 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 →

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