AGA Khan Fund for Economic Development buys 84,683 shares of a listed company

Karachi, The AGA Khan Fund for Economic Development, a substantial shareholder of a listed company, Habib Bank Limited, has acquired a total of 84,683 shares in the company on May 15, 2023. The disclosure of interest by a Director CEO, executives of the listed company and their spouses and substantial shareholders revealed the details of the transactions.

The shares were bought in ten separate transactions on the same day with prices ranging from PKR 72.25 to PKR 72.40 per share. The shares were purchased in the Central Depository Company (CDC) Ready form of share certificates.

The first transaction involved the purchase of 10,284 shares at a rate of PKR 72.25 per share, followed by the acquisition of 419 shares at PKR 72.26 per share. The third transaction involved the purchase of 100 shares at PKR 72.29 per share. The fourth transaction was the largest, with the acquisition of 24,981 shares at PKR 72.30 per share. The fifth transaction was for the purchase of 500 shares at PKR 72.31 per share, followed by the acquisition of 1,000 shares at PKR 72.32 per share. The seventh transaction involved the purchase of 2,500 shares at PKR 72.33 per share, followed by the acquisition of 9,500 shares at PKR 72.35 per share. The ninth and tenth transactions involved the purchase of 2,651 and 5,349 shares, respectively, at PKR 72.39 and PKR 72.40 per share.

The purchase of these shares by the AGA Khan Fund for Economic Development signals the company’s confidence in the future prospects of Habib Bank Limited.