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Karachi, AGA Khan Fund for Economic Development, a substantial shareholder in a listed company, has disclosed its interest in the company by executing several buy transactions of its shares. The transactions were carried out on May 4, 2023, and the details of the transactions are as follows:
The first transaction involved the purchase of 1,539 shares at a rate of 78.35 per share.
The second transaction was the purchase of 19 shares at a rate of 78.37 per share.
The third transaction involved the purchase of 2,500 shares at a rate of 78.39 per share.
The fourth transaction was the purchase of 28,961 shares at a rate of 78.40 per share.
The fifth transaction involved the purchase of 5,000 shares at a rate of 78.42 per share.
The sixth transaction was the purchase of 16,800 shares at a rate of 78.44 per share.
The seventh transaction involved the purchase of 13,180 shares at a rate of 78.45 per share.
The eighth transaction was the purchase of 5,001 shares at a rate of 78.47 per share.
The ninth transaction involved the purchase of 1,970 shares at a rate of 78.48 per share.
The tenth transaction was the purchase of 11,845 shares at a rate of 78.49 per share.
All the transactions were executed through CDC and in the form of ready certificates. The total number of shares purchased by AGA Khan Fund for Economic Development was 79,855, at an average rate of 78.43 per share.
The disclosure of interest by AGA Khan Fund for Economic Development highlights the fund’s confidence in the listed company and its potential for growth. The purchase of such a significant number of shares indicates a strong belief in the company’s future prospects.