Karachi: In a noteworthy development within Habib Bank Limited, a key executive has executed significant share transactions under the purview of PSX Regulation 5.6.4. This disclosure pertains to the sale of shares by Mr. Muhammad Amjad Malik, a General Manager and Executive at the bank. The transactions were reported in compliance with the regulations governing disclosure of interests by directors, executives, and substantial shareholders.

On January 30, 2025, Mr. Malik conducted two separate transactions involving the sale of a total of 3,000 shares of Habib Bank Limited. The first transaction involved the sale of 2,000 shares at a rate of 172.64 per share, while the second transaction involved 1,000 shares sold at a rate of 173.54 per share. These transactions were carried out in the ready market, utilizing the Central Depository Company (CDC) system.

Following these transactions, Mr. Malik's cumulative shareholding stands at 6,196 shares, accounting for a negligible cumulative percentage of total shares. According to information available from Pakistan Stock Exchange (PSX), such disclosures are critical for maintaining transparency and providing stakeholders with essential information regarding shareholdings by key individuals within the company.

These transactions fall within the designated market category of ready market trades, and they underscore the importance of regulatory compliance in maintaining trust and integrity within the financial markets. The disclosure serves as a reminder of the obligations that directors and executives have to disclose their interests in a timely manner, ensuring that all market participants are equally informed.