Ibrahim Holdings Purchases 40,300 Shares of Ibrahim Fibres Limited

Karachi, Ibrahim Holdings (Pvt.) Limited, a substantial shareholder of Ibrahim Fibres Limited, has disclosed a transaction of purchasing 40,300 shares of the company. The shares were bought on May 5, 2023, at a rate of PKR 250.00 per share in CDC Ready form of Shari Certificates.

The market analysts believe that this transaction could indicate the positive outlook of the substantial shareholder on the company’s future growth prospects. The stock of Ibrahim Fibres Limited closed at PKR 253.09 on Friday, May 5, 2023.

This news has been well received by the shareholders of Ibrahim Fibres Limited as the stock closed at PKR 257.00 on Monday, May 8, 2023, up by 1.53% from the previous close.