Karachi: An executive at United Bank Limited (UBL) has increased his stake in the company, as disclosed under Pakistan Stock Exchange regulations. The acquisition took place on February 21, 2025, involving the purchase of shares by an executive of the bank.

On February 25, 2025, United Bank Limited released a formal communication detailing the transaction. The document, in compliance with PSX Regulation 5.6.4, disclosed that Adil Haroon, an executive at UBL, executed a purchase of 27,327 shares. These shares were bought at a rate of 394.00 per share, using the Central Depository Company (CDC) in the ready market.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition increased Haroon's cumulative shareholding to 39,874 shares. Despite the additional shares, the cumulative percentage of his stake remains at 0.00, indicating a relatively small portion of the company's total shares.

The transaction underscores the ongoing activity in the financial sector, where executives and key stakeholders often adjust their holdings based on market conditions and corporate strategies. United Bank Limited operates within the designated market category of the Pakistan Stock Exchange.