Karachi: In a recent transaction filed on October 25, 2024, Habib Bank Limited (HBL) disclosed that Syed Mohsin Ali Shah GM, an executive of the bank, sold 14,171 shares. According to information available from the Pakistan Stock Exchange (PSX), this sale was reported under the stringent disclosure requirements set by PSX Regulation 5.6.4.

The shares were disposed of through the Central Depository Company (CDC), signaling a readiness that reflects compliance with stock market regulations. The transaction was executed at a rate of Rs. 138.10 per share. The disclosure also emphasized adherence to the best practices, including the necessary holding period for the shares, which is over six months, ensuring the stability and transparency of market operations.

This sale follows the guidelines that any profit derived from such transactions must be deposited with the Securities and Exchange Commission of Pakistan (SECP) if required under Section 105 of the Securities Act, 2015. HBL has confirmed that all protocols were followed and that no profit will be carried over, which showcases the executive's commitment to maintaining regulatory standards and integrity in financial dealings.