Karachi, In a series of strategic moves, Kamal A. Chinoy, a Non-Executive Director, has executed substantial share purchases in International Industries Limited. These transactions, conducted on September 13 and 14, 2023, underscore Mr. Chinoy's continued confidence in the company's prospects and his commitment to its growth.
The details of these transactions are as follows:
1. On September 13, 2023, Mr. Kamal A. Chinoy acquired 17,067 shares at a rate of 88.11 per share. These shares are held in CDC (Central Depository Company) form.
2. On September 14, 2023, he made an additional purchase of 32,933 shares at a rate of 88.15 per share, also held in CDC form.
Mr. Kamal A. Chinoy's significant acquisitions reflect his belief in the potential and stability of International Industries Limited. As a Non-Executive Director, his actions in strengthening his stake in the company signal his support for its long-term vision and strategic initiatives.
Market analysts and industry experts are closely monitoring the impact of these acquisitions on International Industries Limited's stock performance. Mr. Chinoy's continued investment in the company may have implications for the company's future direction and strategic decisions, and his confidence in the company's trajectory could resonate positively with other investors.
As International Industries Limited continues its operations in the dynamic industrial sector, the support and investment of individuals like Mr. Kamal A. Chinoy serve as an endorsement of the company's growth potential and a reflection of its significance in the industry.