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Islamabad: A Habib Bank Limited executive, Ms. Fouzia Jabeen Janjua, has executed share purchases, the company disclosed in compliance with the Pakistan Stock Exchange regulations.
The transactions occurred on July 18 and July 24, 2024. On the first date, Ms. Janjua bought 4,000 shares at a rate of 148.80 per share, and on the second date, she purchased 1,000 shares at 145.50 each. Both transactions involved shares in the Central Depository Company’s Ready Market.
According to information available from the Pakistan Stock Exchange (PSX), these transactions will be reviewed in the upcoming board meeting to address any potential non-compliances as stipulated under clause No. 5.6.1(d) of PSX Regulations. The company has also confirmed that the holding period for these transactions is over six months. In cases where transactions fall within a six-month period, a profit-equivalent cheque must be deposited with the Securities and Exchange Commission of Pakistan as required by Section 105 of the Securities Act, 2015.
The disclosure ensures that Habib Bank Limited adheres to regulatory requirements and maintains transparency in its executive dealings.