Karachi: Habib Bank Limited has disclosed significant share transactions involving one of its executives, Mr. Muhammad Arshad, in compliance with Pakistan Stock Exchange regulations. According to the recent disclosure, Mr. Arshad executed several transactions on May 12, 2025, resulting in the complete sale of his shares in the company.
The transactions were executed in the ready market and involved a total of 23,466 shares. Mr. Arshad sold these shares in multiple batches, beginning with 20,000 shares at a rate of 152.50. Subsequent transactions included sales of 1,290 shares at 153.08, 190 shares at 153.17, and 200 shares at 153.21. The final sale was of 1,786 shares at a rate of 153.00, leaving Mr. Arshad with no remaining shares in the company.
According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of a regulatory requirement for the disclosure of interest by relevant persons holding company shares. The cumulative percentage of shares sold by Mr. Arshad is recorded at 0.00%, indicating that his total holdings in Habib Bank Limited have been liquidated.
This activity falls under the designated market category of 'CDC Ready,' as stipulated by the PSX regulations. The shares were sold through the Central Depository Company (CDC) system, ensuring transparency and adherence to market regulations.
The disclosure of these transactions provides critical information to investors and stakeholders about the trading activities of key individuals within the company, aligning with the regulatory framework established by the PSX.