Substantial Shareholder Ali Shahzad Buys Significant Number of Shares in Pakistan General Insurance Company Limited

Karachi, The Pakistan General Insurance Company Limited has reported significant share transactions executed by Ali Shahzad, a substantial shareholder of the company. On July 27, 2023, Ali Shahzad bought a total of 4,686,748 shares in two separate transactions. The first transaction involved buying 4,656,748 shares at a rate of 4.80 per share in physical form (PHY). The second transaction consisted of purchasing 33,000 shares at the same rate of 4.80 per share through CDC (Central Depository Company). This move indicates the substantial shareholder’s confidence in the company and may have implications for other stakeholders and investors.

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