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.
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.
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