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Karachi, Century Insurance Company Limited has disclosed notable share transactions executed by Mr. Iqbal Ali Lakhani, a Non-Executive Director of the company. These transactions involve substantial purchases of shares in Century Insurance, underscoring Mr. Lakhani’s commitment to the company and his confidence in its future prospects.
1. On September 21, 2023, Mr. Iqbal Ali Lakhani executed a BUY transaction, acquiring a substantial 28,500 shares at a rate of 19.03 per share. These shares were held in CDC form and were ready for trading.
2. In another significant transaction on the same date, Mr. Lakhani purchased an additional 5,000 shares at a rate of 19.13 per share. These shares, too, were held in CDC form and were ready for trading.
These transactions signify Mr. Iqbal Ali Lakhani’s substantial commitment to Century Insurance and his belief in the company’s growth potential. As a Non-Executive Director, his decision to increase his shareholding reflects his confidence in the company’s strategic direction and its ability to deliver value to shareholders.
Mr. Lakhani’s actions are indicative of his dedication to the company’s mission and vision, as well as his alignment with its long-term goals. Shareholders and stakeholders will likely view these purchases as a positive signal of support for Century Insurance’s future endeavors and performance.
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