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.

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.