A director of Takaful Islami Insurance PLC plans to increase his stake in the insurer by purchasing shares through the stock market, according to a disclosure filed with the Dhaka Stock Exchange (DSE) on Monday.
Takaful Islami Insurance director Md Humayun Kabir Patwary intends to buy 265 shares at the prevailing market price through the DSE within the next 30 working days.
The disclosure did not specify the value of the proposed purchase.
The company’s shares rose 3.20 per cent on Monday to close at Tk48.40, gaining Tk1.50 from the previous session. The announcement came as the stock extended its gains in the market.
