Categories: Insider Transactions

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.

Aamir Hayat

Recent Posts

TRG fundamental analysis

TRG Pakistan Limited (TRG), through its associate TRG International, holds significant stakes in two key…

6 days ago

Jun’24 CPI likely to clock in at 12.66%

Headline inflation is expected to reach approximately 12.66% in June 2024, compared to 11.76% in…

6 days ago

PABC receives stable outlook from PACRA

Pakistan Aluminium Beverage Cans Limited (PABC) has announced that it achieves AA- long term rating.

6 days ago

ISIL sets up a subsidiary for food products manufacturing in Abu Dhabi

Ismail Industries Limited (ISIL) announced that it is to begin the regulatory process for Abu…

6 days ago

Refinery: Quarterly GRMs fall to a year low, losses expected

the average industry Gross Refining Margin (GRM) is expected to be around $3.8 per barrel.

6 days ago

UNITY reports insider transaction worth over Rs 1 billion

Unity Foods Limited (UNITY) reported a transaction by a non-executive director.

6 days ago