Karachi, The AGA Khan Fund for Economic Development, a substantial shareholder of Habib Bank Limited (HBL), has made a series of significant share purchases, indicating its increased confidence in the company's prospects. The transactions were executed on August 11, 2023, and details of the purchases are as follows:
1. Buy Order: On August 11, the AGA Khan Fund for Economic Development executed a buy order for 300 shares of Habib Bank Limited at a rate of 103.90 per share. The transaction was made through the Central Depository Company (CDC) and the shares were ready for trading.
2. Buy Order: Additionally, the fund acquired 2400 shares of HBL at a rate of 103.95 per share on the same day. These shares were also purchased through CDC and were ready for trading.
3. Buy Order: The AGA Khan Fund continued its share acquisition spree with a purchase of 12,500 shares at a rate of 103.97 per share. The transaction was facilitated through CDC, and the shares were made ready for trading.
4. Buy Order: Another substantial share purchase was made by the fund for 25,371 shares at a rate of 103.98 per share. The shares were processed through CDC and were ready for trading.
5. Buy Order: The fund further increased its stake by buying 13,496 shares at a rate of 103.99 per share. These shares were also processed through CDC and were ready for trading.
6. Buy Order: In a more substantial transaction, the AGA Khan Fund for Economic Development acquired 396,284 shares of HBL at a rate of 104.00 per share. The shares were processed through CDC and were made ready for trading.
7. Buy Order: The fund executed a buy order for 2,500 shares at a rate of 104.48 per share. These shares were processed through CDC and were ready for trading.
8. Buy Order: Another significant acquisition was made for 97,500 shares at a rate of 104.50 per share. The transaction was processed through CDC and the shares were ready for trading.
9. Buy Order: Lastly, the AGA Khan Fund for Economic Development purchased 100,000 shares of HBL at a rate of 104.80 per share. The transaction was facilitated through CDC and the shares were ready for trading.
