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

Is a 100 bps cut likely at the Jan 27 monetary policy meeting?

Topline Securities (Private) Limited has just published a report on the SBP monetary policy update.

2 days ago

MTL gained 20% in one month, here’s why

Taurus Securities Limited has just published a report on MLT's monthly sales.

2 days ago

What to expect from APL Q2 earnings

AKD Securities has just published a report on APL's Q2 earnings expectations. The firm expects…

2 days ago

What to expect from Pakistan State Oil (PSO) Q2 earnings

AKD Securities has just published a report on PSO's Q2 earnings expectations. The firm expects…

3 days ago

Is Engro Fertilizer (EFERT) a good investment for 2025?

Engro Fertilizers (EFERT) having an effective market position as Pakistan’s second largest urea producer has…

1 week ago

Sazgar Engineering’s (SAZEW) FY25 plans look promising

Sazgar Engineering Works Limited (SAZEW) started transferring the Great Wall Motors (GWM) Haval model to…

1 week ago