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Karachi, Habib Bank Limited (HBL) has reported significant share transactions executed by Aga Khan Fund for Economic Development, a substantial shareholder in the bank. The details of these transactions are as follows:
1. On June 19, 2023, the Aga Khan Fund purchased 2,000 shares of HBL at a rate of Rs 68.38 per share. The shares were in the form of share certificates and were traded on the Central Depository Company (CDC) platform.
2. Additionally, the Aga Khan Fund sold 2,500 shares of HBL at a rate of Rs 68.39 per share on the same date.
3. The Fund also conducted several other transactions on June 19, 2023, including the purchase of 73,589 shares at a rate of Rs 68.40 per share, the acquisition of a single share at Rs 68.42, the purchase of 25,500 shares at Rs 68.45, the acquisition of 30 shares at Rs 68.47, and the purchase of 1,100 shares at Rs 68.48.
4. Notably, the Aga Khan Fund for Economic Development, as a substantial shareholder, executed a sell-off of 40,050 shares at a rate of Rs 68.49 per share and purchased 287,303 shares at Rs 68.50.
5. The fund concluded its transactions by selling 53,000 shares at a rate of Rs 68.55 per share.
These share transactions indicate the ongoing activity of the Aga Khan Fund for Economic Development in the equity of Habib Bank Limited. As a substantial shareholder, the fund’s involvement in buying and selling HBL shares provides insights into its investment strategy and outlook for the bank’s performance.
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