Karachi: Habib Bank Limited has announced a recent series of transactions involving the selling of company shares by a high-ranking executive. The disclosure, made in accordance with Pakistan Stock Exchange (PSX) Regulation 5.6.4, details the sales activity executed by Muhammad Asim Yaqub, a General Manager at the bank.

According to the disclosure dated April 8, 2025, Mr. Yaqub engaged in the sale of a total of 14,159 shares across multiple transactions completed on April 4, 2025. Each transaction was conducted on the ready market, with shares being sold through the Central Depository Company (CDC) form.

The detailed breakdown of the transactions is as follows: Mr. Yaqub sold 12,579 shares at a rate of 159.50 each, leaving a cumulative holding of 1,580 shares. This was followed by the sale of 99 shares at a rate of 159.51, reducing his cumulative shares to 1,481. Subsequently, 1,270 shares were sold at 159.52, leaving 211 shares in his possession. Additional sales included 55 shares at a rate of 159.55 and 156 shares at 159.80, resulting in the complete liquidation of his holdings.

The cumulative percentage of shares held by Mr. Yaqub following these transactions stands at 0.00 percent, indicating a full divestment of his previously held shares in Habib Bank Limited.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandated to ensure transparency and to maintain investor confidence in the market. The transactions fall under the 'Ready Market' category, which is a segment designated for the trade of shares readily available for sale and purchase.

The announcement underscores the importance of regulatory compliance for individuals holding significant positions within publicly traded companies, ensuring that all stakeholders are informed of any changes in shareholding by company executives.