SNBL reports insider transaction worth Rs. 17.6mn

In a notification sent to the PSX on 25/03/2024. Soneri Bank Limited (SNBL) reported a transaction by the spouse of one of its non-executive directors.

The transaction was carried out by Mrs. Aziza Feerasta, who is the wife of the late Mr. Alauddin Feerasta.

She bought a total of 1,845,000 shares of the company at a price of Rs. 9.56 per share. The total amount for this transaction stands at Rs. 17,638,200.

📢 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

The transaction was carried out on 22/03/2024.

An insider buying stock in a company is often interpreted as a positive signal by investors.

It suggests that those with intimate knowledge of the company’s operations and prospects believe the stock is undervalued or poised for growth, leading to a positive impact on the stock price.

Don't miss:

• Which cars are driving the rally in auto stocks?
• Is DGKC going to Rs. 240?
• Why TPLP could go higher.

SNBL shares closed at Rs. 9.55 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 →