Habib Bank Limited’s substantial shareholder, Aga Khan Fund for Economic Development, executes multiple share purchases

Karachi, Habib Bank Limited’s substantial shareholder, Aga Khan Fund for Economic Development, has recently executed several transactions in the company’s shares. As per the disclosure of interest by a Director, CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders, the Aga Khan Fund for Economic Development purchased a total of 10,46,500 shares of Habib Bank Limited on May 3, 2023.

The first transaction was executed for 11,490 shares at a rate of PKR 79.70 per share, followed by a purchase of 7,500 shares at PKR 79.74 per share. The Fund also bought 14,500 shares at PKR 79.75 per share, and 44,967 shares at PKR 79.80 per share.

Additionally, the Fund purchased 38,000 shares at PKR 79.85 per share, 27 shares at PKR 79.89 per share, and 31,506 shares at PKR 79.90 per share. It also bought 5,000 shares at PKR 79.94 per share and 35,000 shares at PKR 80.00 per share.

The largest transaction executed by the Fund was for 10,000,000 shares at PKR 81.50 per share, indicating the Fund’s confidence in the bank’s future performance. The purchases made by the Aga Khan Fund for Economic Development have increased its stake in Habib Bank Limited, indicating its long-term commitment to the bank.