Categories: Insider Transactions

UBL reports insider transaction of Rs.84 million

In a notification sent to the PSX on 19/04/2024, United Bank Limited (UBL) reported a transaction by the Senior Management.

The transaction was carried out by Muhammad Jawaid Iqbal, who is Senior Management.

He bought a total of 435000 shares of the company for Rs. 194.19 per share. The total amount for this transaction stands at Rs. 84,472,650.

<p>Investors often interpret an insider buying stock in a company as a positive signal. It suggests that those with intimate knowledge of the company’s operations and prospects believe the stock is undervalued or poised for growth, positively impacting the stock price.

The shares of UBL were last trading at Rs. 197.20 today.

Aamir Hayat

Recent Posts

LCC Korea to sell 75.01% stake in Lotte Chemical Pakistan

On 20-02-2025, Lotte Chemical Pakistan Limited (LOTCHEM) disclosed the following material information.

2 days ago

Netsol stock on a temporary hiatus, but a fresh rally awaits

On the monthly time frame, Netsol has a history of boom and bust cycles

2 days ago

OGDC: The People’s Choice for All-Time Stock

OIL & GAS EXPLORATION COMPANIES (OGDC) have made good corrections but it is still in…

3 days ago

LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan

The Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea), the majority (75.01%)…

3 days ago

GGGL suspends furnace operations for maintenance until May 15, 2025

After the completion of the expected life of the furnace, Ghani Global Glass Limited (GGGL)…

3 days ago

Pakistan State Oil (PSO) from Grounded to Greatness

Pakistan State Oil (PSO) is trying to sustain above 300 level.

3 days ago