Karachi: Habib Bank Limited has disclosed a significant transaction involving the sale of shares by one of its executives. According to a formal announcement, Mr. Asad Altaf, a General Manager at the bank, has sold a substantial number of shares, highlighting an important movement in the bank's stock holdings.

The transaction was executed on May 13, 2025, as per the regulations of the Pakistan Stock Exchange (PSX). Mr. Asad Altaf sold a total of 20,835 shares at a rate of 155.50 each. This transaction was conducted in the ready market category, which reflects immediate settlement of the shares sold.

According to information available from the Pakistan Stock Exchange (PSX), Mr. Altaf's sale resulted in a cumulative total of zero shares remaining under his ownership, reflecting a complete divestment of his holdings in the bank's shares.

This development is part of the bank's regulatory compliance under PSX Regulation 5.6.4, which mandates the disclosure of interests by relevant persons holding the company's shares. It is designed to ensure transparency in transactions executed by directors, executives, significant shareholders, and their immediate family members.