Categories: Insider Transactions

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.

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.

SNBL shares closed at Rs. 9.55 today.

KSEStocks Data

Recent Posts

Shifa International (SHFA) has returned 150% in two months, will the rally continue?

Shifa International (SHFA) has already rallied 150%, but there is still more upside to the…

3 weeks ago

HUBC’s base plant expiry: What is next for the power giant?

The closure of the Hub Power Company Limited (HUBC) plant marks a significant shift in…

3 months ago

How well did Fatima Fertiliser perform in 2QCY24?

Fatima's 2QCY24 financial performance reflects a challenging quarter, marked by a significant decline in profitability…

3 months ago

How is HMB handling financial challenges to grow?

Habib Metropolitan Bank Limited (HMB) recently released its second-quarter results for 2024, revealing a mixed…

3 months ago

How does MARI and POL reserve life compare?

In the oil and gas sector, the longevity of reserves is a critical measure of…

3 months ago

Is Cherat Cement poised for growth?

Cherat Cement Company Limited (CHCC) has recently released its financial results for the fourth quarter…

3 months ago