Karachi, In a series of notable transactions, the Aga Khan Fund for Economic Development (AKFED), a substantial shareholder of Habib Bank Limited, has made significant purchases of shares in the company. These purchases, carried out by AKFED and its associated entities, highlight the fund's confidence in the future prospects of Habib Bank Limited.
On May 12, 2023, AKFED executed a total of ten transactions, increasing its stake in Habib Bank Limited. The purchases were made at varying rates, with a consistent focus on acquiring shares at prices ranging from 72.35 to 72.65. The transactions were conducted through the Central Depository Company (CDC) in the form of ready certificates.
The first transaction involved the acquisition of 10,000 shares at a rate of 72.35. This was followed by subsequent purchases of 5,090, 15,910, 1,000, 117,569, 15,000, 10,000, 37,500, 50,985, and 2,500 shares at rates of 72.39, 72.40, 72.42, 72.50, 72.51, 72.52, 72.55, 72.60, and 72.65, respectively.