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Karachi, Habib Bank Limited’s substantial shareholder Aga Khan Fund for Economic Development (AKFED) purchased shares worth PKR 70 million in the bank, according to the Disclosure of Interest by a Director CEO or Executive of a listed company and their Spouses and the Substantial Shareholders.
The AKFED made ten separate transactions on May 15, 2023, totaling 44,116 shares at an average price of PKR 72.16. The shares were purchased in the Ready market in the Central Depository Company (CDC) in the form of Shari certificates.
AKFED bought 3,500 shares for PKR 252,315 at a rate of PKR 72.09, followed by 10,000 shares for PKR 721,000 at a rate of PKR 72.10. The fund also purchased 1,000 shares for PKR 72,110 at a rate of PKR 72.11, and one share for PKR 72.14. Furthermore, AKFED purchased 1,400 shares for PKR 100,810 at a rate of PKR 72.15, and 1,000 shares for PKR 72,160 at a rate of PKR 72.16.
Moreover, the substantial shareholder acquired 1,000 shares for PKR 72,170 at a rate of PKR 72.17, and a significant chunk of 90,499 shares for PKR 6,523,978 at a rate of PKR 72.20. The fund also purchased 2,000 shares for PKR 144,420 at a rate of PKR 72.21 and 1,716 shares for PKR 123,925 at a rate of PKR 72.22.
As of March 31, 2023, AKFED held 115,104,678 shares in Habib Bank Limited, representing 51.47% of the bank’s total outstanding shares.