Karachi: Habib Bank Limited (HBL) has reported a transaction involving one of its executives, according to a disclosure required under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. This regulation mandates the disclosure of interest by relevant persons holding the company's shares. The transaction was executed by Syed Arsalan Qutb, who holds the position of General Manager and is classified as an executive within the company.

The transaction, dated April 7, 2025, involved the sale of 600 shares in the form of Central Depository Company (CDC) ready market shares. The shares were sold at a rate of 152.50, culminating in a cumulative total of 8,325 shares held by the executive. The cumulative percentage of shares held by Mr. Qutb remains at 0.00, indicating a minimal impact on the overall shareholding structure of Habib Bank Limited.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are critical for maintaining transparency and ensuring that all stakeholders are informed of significant changes in shareholding patterns. The designated market category for this transaction is classified under the ready market.

These disclosures are part of a broader regulatory framework aimed at fostering transparency and accountability among publicly listed companies and their key stakeholders. The transaction's details were made public in compliance with PSX regulations, ensuring that the market participants are adequately informed of the changes in shareholding by key executives of the company.