Categories: Insider Transactions

SEARL insider transactions worth Rs.924 million in April

In a notification sent to the PSX on 26/04/2024, The Searle Company Limited (SEARL) reported some insider transactions.

The transaction was carried out by a director and substantial shareholders, who are a key figure in the company.

They both bought and sold a total of 16,701,020 shares of the company.

The total amount for this transaction stands at Rs. 924,688,448.60.

An insider buying and selling stock in a company can be interpreted as a significant event by investors. It suggests that those with intimate knowledge of the company’s operations and prospects believe the stock is either undervalued or poised for growth, potentially leading to a positive impact on the stock price.

CompanyDateBuySellShare RateAmount in Total
SEARL1 April 202416052.968473.60
SEARL2 April 202420052.5510510.00
SEARL2 April 202426052.1013526.00
SEARL8 April 2024500000057.76288800000.00
SEARL9 April 202430062.0918627.00
SEARL24 April 202440056.6222648.00
SEARL24 April 202485000058.5049725000.00
SEARL25 April 2024500000056.50282500000.00
SEARL25 April 2024585000056.16328296000.00
SEARL25 April 202420055.9511190.00
Total—–102016700000—–924688448.60

The shares of SEARL were last trading at Rs. 57.27 today.

Aamir Hayat

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