Habib Bank Limited Discloses Significant Share Purchases by Aga Khan Fund for Economic Development

Karachi, In a recent disclosure, Habib Bank Limited has revealed a series of significant share purchases made by Aga Khan Fund for Economic Development, a substantial shareholder of the company. The transactions, executed on May 11, 2023, demonstrate the fund’s confidence in the bank’s future prospects.

The first transaction involved the purchase of 63,000 shares of Habib Bank Limited at a rate of 72.60 per share. This was followed by the acquisition of an additional 7,000 shares at a slightly higher rate of 72.65. Subsequently, the fund purchased 5,000 shares at 72.70, 1,001 shares at 72.75, and a single share at 72.81.

Continuing their buying spree, Aga Khan Fund for Economic Development obtained 2,499 shares at 72.87, 6,956 shares at 72.99, and a significant 61,767 shares at 73.00. The fund concluded its share purchases by acquiring 2,500 shares at 73.05 and a substantial 55,161 shares at 73.10 per share.

These transactions were conducted through the Central Depository Company (CDC) and involved ready certificates for the shares. The Aga Khan Fund for Economic Development, known for its investments in various sectors, demonstrated its confidence in the future growth of Habib Bank Limited by increasing its holdings in the company.