Habib Bank Limited’s Substantial Shareholder Discloses Purchase of Company Shares

Karachi, Aga Khan Fund for Economic Development, a substantial shareholder of Habib Bank Limited, has disclosed the purchase of company shares in a series of transactions. The purchases were made on May 4, 2023, and details of the transactions have been provided by the company.

In the first transaction, the shareholder purchased 2,000 shares at a rate of 78.18 per share. The second transaction involved the purchase of 781 shares at a rate of 78.19 per share. The third transaction saw the purchase of 44,728 shares at a rate of 78.20 per share. The fourth transaction involved the purchase of 419 shares at a rate of 78.21 per share. The fifth transaction saw the purchase of 24 shares at a rate of 78.23 per share. The sixth transaction involved the purchase of 1,000 shares at a rate of 78.24 per share. The seventh transaction saw the purchase of 4,000 shares at a rate of 78.25 per share. The eighth transaction involved the purchase of 100 shares at a rate of 78.28 per share. The ninth transaction saw the purchase of 2,020 shares at a rate of 78.29 per share. The final transaction involved the purchase of 34,147 shares at a rate of 78.30 per share. All transactions were executed through the Central Depository Company and were in ready form.

According to Habib Bank Limited, these transactions were executed by a substantial shareholder of the company, as per the disclosure of interest requirements for directors, CEO, executives, their spouses, and substantial shareholders. The purchases indicate the shareholder’s confidence in the future prospects of Habib Bank Limited.