YOUW reports an insider transaction of Rs.7 million

In a notification sent to the PSX on 22/04/2024, Yosaf Weaving Mills Limited (YOUW) reported a transaction by the substantial shareholder.

The transaction was carried out by Mst Andaleeb Kausar, who is a Substantial Shareholder.

He sold a total of 3,000,000 shares of the company for Rs. 2.50 per share. The total amount for this transaction stands at Rs. 7,500,000.

📢 Announcement: We're on WhatsApp – Join Us There! 

Here's what you get:

• Member-Only Discussion Community
• Research Reports with Explanations & Expert Views
• Access to Exclusive KSEStocks Market Reports
• Model Portfolio with Clear Investment Rationale
• Monthly Portfolio Review & Health Check
• On-Demand Stock Coverage Requests
• PSX Facilitation (CDC Account, Share Transfer, Physical Conversion)

Investors often interpret an insider selling stock in a company as a noteworthy event.

Selling by insiders may occur for many reasons, but it does indicate their sentiment about the company’s prospects. Investors need to weigh this information alongside other factors.

The shares of YOUW last traded at Rs. 3.80 today.

Don't miss:

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

⚠️ 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 →