PGN Director Buys IDR 29 Billion in Shares, Stock Rises 4.6%

Mirza Mahendra, Director of PT Perusahaan Gas Negara (PGAS), purchased 20 million shares on July 10, 2026. The transaction was executed at a price of IDR 1,450 per share. The total acquisition value reached IDR 29 billion.

This purchase increases Mahendra’s total holdings to 70 million shares. His previous ownership stood at 50 million shares. The director filed the disclosure with the Indonesia Stock Exchange on July 11, 2026, citing investment purposes.

PGAS shares closed up 4.64% on July 10, 2026. The stock ended the session at IDR 1,465 per share. The market recorded significant trading volume following the news of the insider purchase.