Spouse of Non-Executive Director of IGI Holdings Limited buys over 160,000 shares

Karachi, IGI Holdings Limited’s non-executive director’s spouse, Perwin Babar Ali, has acquired a significant number of shares in the company. As per the disclosure of interest by a director, CEO, executive, or substantial shareholder, Mrs. Perwin Babar Ali has purchased 113,400 shares in the company on May 4, 2023. The details of these transactions are as follows:

Mrs. Ali acquired 1,100 shares at a rate of PKR 91.99 per share, followed by 85,200 shares at PKR 92.00 per share. She also purchased 2,000 shares at PKR 92.99 per share, 23,300 shares at PKR 94.00 per share, 10,000 shares at PKR 93.00 per share, and 9,800 shares at PKR 93.99 per share. In addition, she bought 25,000 shares at PKR 91.00 per share.

It is pertinent to mention that Mrs. Perwin Babar Ali is the spouse of Syed Babar Ali, who is a non-executive director of IGI Holdings Limited. The company’s share price has been performing well lately, and the acquisition of shares by a non-executive director’s spouse indicates a positive outlook for the company.