{"id":5124,"date":"2024-05-16T14:39:03","date_gmt":"2024-05-16T09:39:03","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=5124"},"modified":"2024-05-16T14:39:06","modified_gmt":"2024-05-16T09:39:06","slug":"arif-habib-sells-rs-78-million-worth-of-smcpl-stock","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/arif-habib-sells-rs-78-million-worth-of-smcpl-stock\/","title":{"rendered":"Arif Habib sells Rs 78 million worth of SMCPL stock"},"content":{"rendered":"\n

In a notification sent to the PSX on 16\/05\/2024, Safe Mix Concrete Limited (SMCPL)<\/a> reported a transaction by a substantial shareholder.<\/p>\n\n\n\n

The transaction was carried out by Arif Habib, who is a substantial shareholder.<\/p>\n\n\n\n

He sold a total of 3,776,500 shares<\/strong> of the company at a price of Rs. 20.71 per share<\/strong>. The total amount for this transaction stands at Rs. 78,215,295<\/strong>.<\/p>\n\n\n\n

Sr. No.<\/th>Date<\/th>Rate<\/th>Number of Shares<\/th>Total Amount<\/th>Nature<\/th><\/tr><\/thead>
1<\/td>10-May-24<\/td>20.67<\/td>3,173,000<\/td>65,585,910<\/td>SELL<\/td><\/tr>
2<\/td>13-May-24<\/td>21.48<\/td>102,000<\/td>2,191,960<\/td>SELL<\/td><\/tr>
3<\/td>14-May-24<\/td>20.83<\/td>477,000<\/td>9,935,910<\/td>SELL<\/td><\/tr>
4<\/td>15-May-24<\/td>20.47<\/td>24,500<\/td>501,515<\/td>SELL<\/td><\/tr>
Total<\/strong><\/td>—<\/td>Avg Rate (20.71)<\/strong><\/td>3,776,500<\/strong><\/td>78,215,295<\/strong><\/td>—<\/td><\/tr><\/tbody><\/table>
Source<\/strong>: PSX, KSEStocks<\/em><\/figcaption><\/figure>\n\n\n\n

An insider selling stock in a company can sometimes be viewed cautiously by investors, as it may indicate various reasons behind the sale. However, this action alone does not necessarily imply negative sentiments.<\/p>\n\n\n\n

SMCPL<\/a> shares were last trading at Rs. 20.00<\/strong> today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Safe Mix Concrete Limited (SMCPL) reported a transaction by a substantial shareholder<\/p>\n","protected":false},"author":11,"featured_media":5126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[151],"tags":[271],"class_list":["post-5124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insider-transactions","tag-smcpl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/Insider-Transaction-1-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/Insider-Transaction-1-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/Insider-Transaction-1-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/Insider-Transaction-1.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=5124"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/5126"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=5124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=5124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=5124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}