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Karachi, Mr. Shafiq Mustafa, a General Manager at Habib Bank Limited, sold 20,598 shares on June 4, 2024, According to information available from the Pakistan Stock Exchange (PSX). The shares were sold at a price of 113.00 each and were traded in a ready market through the Central Depository Company (CDC).
The transaction will be discussed at the upcoming board meeting of Habib Bank Limited, with an emphasis on addressing any non-compliance issues as required under clause No. 5.6.1.(d) of PSX Regulations. The company confirmed that the holding period for the shares exceeded six months. In the event that the holding period had been less than six months, a procedure is in place to deposit a cheque equivalent to the profit with the Securities and Exchange Commission of Pakistan (SECP), as mandated by Section 105 of the Securities Act, 2015.