SITC reported an insider transaction worth over Rs. 2.7 million

Posted by: Aamir Hayat Like: 0 Post Date: May 14, 2024

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.

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.

📢 Announcement: We're Moving to Discord – Join Us There!

Hi everyone! 👋

To improve your experience and offer additional features, we’re moving our community from WhatsApp to Discord!

Here’s what you’ll get on Discord:

✅ Research Reports Channel – Access a regularly updated compilation of valuable research reports
✅ PSX24/7 Bot – Ask anything about the PSX and get instant insights powered by KSEStocks historical data
✅ Organized Channels – Separate spaces for discussions, news, reports, and more
✅ Better Notifications – Control what you see and when
✅ Smoother Interaction – Easier to follow and participate in conversations
✅ Organized trading ideas - trading ideas that you can discuss and keep track of

Join now 👉 https://discord.gg/kST9hWjS

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 →

Don't miss: