SITC reported an insider transaction worth over Rs. 2.7 million

In a notification sent to the PSX on 14/05/2024, Sitara Chemical Industries Limited (SITC) reported a transaction by the executive director.

The transaction was carried out by Mrs. Zomia Anees, who is the wife of Mr Haseeb Ahmad who holds the position of executive director.

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She sold a total of 10,000 shares of the company for Rs. 276.04 per share. The total amount for this transaction stands at Rs. 2,760,400.

An insider selling stock in a company is often interpreted as a significant development by investors. It may signal various insights, including confidence in the company’s future prospects or other strategic considerations.

SITC shares were last trading at Rs. 295.00 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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