Karachi: A significant stock transaction involving a high-ranking executive at Habib Bank Limited has been officially reported.

According to information available from the Pakistan Stock Exchange (PSX), Ms. Fouzia Jabeen Janjua, a General Manager and executive at Habib Bank Limited, executed a sale of 2,000 shares on July 4, 2024. The shares were sold at a rate of Rs. 134.40 per share through the Central Depository Company (CDC) in the ready market.

This transaction will be discussed in the upcoming board meeting of the bank, where any non-compliance issues, as stipulated under clause No.5.6.1. (d) of PSX Regulations, will be addressed. The bank has confirmed that all necessary details of this transaction have been disclosed to the PSX as required.

Furthermore, it was confirmed that the holding period for these shares was over six months. If it had been less than six months, any profit from the sale would be required to be deposited with the Securities and Exchange Commission of Pakistan (SECP), according to Section 105 of the Securities Act, 2015.