AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Mr. Hasan Nassar Ashfaq, a General Manager at Habib Bank Limited, sold 3,561 shares at a rate of 123.50 PKR per share on June 21, According to information available from the Pakistan Stock Exchange (PSX). The shares were sold in the ready market through the Central Depository Company (CDC).
The transaction will be discussed in the upcoming board meeting of Habib Bank Limited. The discussion will include any non-compliance with PSX Regulation clause No. 5.6.1.(d), which will be highlighted and addressed as required.
The bank has also confirmed that the holding period for the shares was over six months. In compliance with Section 105 of the Securities Act, 2015, if the holding period had been less than six months, the cheque equivalent to the profit would have been deposited with the Securities and Exchange Commission of Pakistan (SECP), with an intimation to PSX.