Habib Bank Limited Executive Executes Share Sell-Off Under PSX Regulation

Karachi: In a recent disclosure to the Pakistan Stock Exchange, Habib Bank Limited has reported a share transaction executed by one of its executives. The transaction, conducted under PSX Regulation 5.6.4, pertains to a sell-off by Syed Arsalan Qutb, a General Manager at the bank.

On April 3, 2025, Syed Arsalan Qutb sold 2,000 shares of Habib Bank Limited at a rate of 154.50 per share. The transaction was executed as a ‘Ready’ market deal through the Central Depository Company (CDC). Following this sale, the cumulative number of shares held by Qutb stands at 8,925, representing a 0.00% cumulative percentage of the company’s total shares.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandated to ensure transparency and compliance with market regulations. The designated market category for this transaction is the ready market.

This transaction is part of a regulatory requirement for directors, executives, and substantial shareholders, including their spouses and minors, to disclose share dealings in the company.