AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore: Bank Alfalah Limited has disclosed a transaction by one of its executives, Mr. Faisal Farooq Khan, in compliance with PSX Regulation 5.6.4. The disclosure follows a directive from the Pakistan Stock Exchange (PSX) referenced in their letter dated July 2, 2024.
According to information available from the Pakistan Stock Exchange (PSX), Mr. Khan purchased 11,800 shares at a rate of Rs. 69.50 each on June 20, 2024. The shares were bought in the form of Central Depository Company (CDC) shares through a stock broker.
The transaction was disclosed to ensure transparency and adherence to regulatory requirements concerning the trading activities of executives. Bank Alfalah has indicated that a formal response to the PSX’s inquiry will be submitted in due course.
The announcement aligns with ongoing efforts to maintain rigorous compliance with stock exchange regulations and to uphold the integrity of financial transactions by senior executives within the company.