Karachi: United Bank Limited (UBL) has announced a significant transaction involving its non-executive director, Haider Zameer Choudrey, as per the disclosure requirements under Pakistan Stock Exchange (PSX) Regulation 5.6.4. This development was reported on February 14, 2025, marking a notable event in the financial activities surrounding UBL’s shares.

According to the disclosure, Haider Zameer Choudrey executed a substantial purchase of UBL shares on February 10, 2025. The transaction involved the acquisition of 538,000 shares at a rate of PKR 409.35 per share. This purchase falls under the ready market category, reflecting a strategic move in UBL’s stock.

The transaction increased Choudrey’s cumulative holdings to 3,997,680 shares, which now represent a cumulative percentage of 0.33% of the company’s total shares. The transaction aligns with the regulations stipulated by the PSX, ensuring transparency and accountability in shareholder activities.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition reflects the continued confidence in UBL’s financial prospects by its board members. UBL, a key player in Pakistan’s banking sector, is closely watched by investors and market analysts for its strategic decisions and market performance.

This transaction is part of a broader trend of active engagement by UBL’s leadership in the company’s shares, highlighting the dynamic nature of stock management within the organization. It underscores the importance of regulatory compliance and the need for shareholders to remain informed about significant changes in shareholding structures.

UBL’s activities on the stock market continue to capture the attention of stakeholders and market participants, given its role in the designated market category. The transparency demonstrated through such disclosures reinforces UBL’s commitment to adhering to market regulations and maintaining investor trust.