Karachi: Habib Bank Limited has announced that Ms. Fouzia Jabeen Janjua, a General Manager and Executive at the bank, has purchased a total of 2,000 shares on July 10, 2023. The transactions were carried out at prices of 138.00 and 138.05 PKR per share, respectively, through the Central Depository Company (CDC) in the ready market form.

According to information available from the Pakistan Stock Exchange (PSX), the transactions are in compliance with the disclosure of interest regulations under clause 5.6.1.(d) of PSX Regulations. The bank's disclosure indicated that these transactions will be presented at the upcoming board meeting. Any non-compliances identified will also be reviewed during this meeting as mandated by clause No. 5.6.10 of the PSX Regulations.

The bank further confirmed that the holding period for these transactions is over six months. If it were within six months, any profit gained would be subject to a deposit with the Securities and Exchange Commission of Pakistan (SECP), as per Section 105 of the Securities Act, 2015. This would be done under intimation to PSX, ensuring full compliance with regulatory requirements.