Habib Bank Limited: Substantial Shareholder AGA Khan Fund for Economic Development Purchases Shares

Karachi, In a disclosure of interest by a director, CEO, executive of a listed company, and their spouses and the substantial shareholders, it was revealed that AGA Khan Fund for Economic Development, a substantial shareholder of Habib Bank Limited, has purchased a significant number of shares of the company.

The transactions, which were executed on May 3, 2023, saw the fund buying a total of 120,253 shares of Habib Bank Limited at various rates, ranging from 78.88 to 79.30, through the Central Depository Company (CDC) in a Ready market.

The breakdown of the transactions is as follows: AGA Khan Fund for Economic Development purchased 990 shares at 78.88 per share, 1,000 shares at 78.89 per share, 57,602 shares at 78.90 per share, 5,000 shares at 78.91 per share, 50,000 shares at 79.00 per share, 10,014 shares at 79.01 per share, 11,647 shares at 79.10 per share, 12,500 shares at 79.20 per share, 9,500 shares at 79.29 per share, and 10,500 shares at 79.30 per share.

The purchase of these shares by AGA Khan Fund for Economic Development reflects its confidence in the future of Habib Bank Limited and its growth prospects. It is also a positive sign for the bank’s shareholders, as the increased demand for its shares could potentially drive up the company’s stock price.