Karachi: An executive at Habib Bank Limited (HBL) has executed a transaction involving the sale of shares in the company, as disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. According to official disclosures, Mr. Muhammad Amjad Malik, a relevant person at the bank, sold 5,000 shares at a rate of 174.00 per share in a transaction dated December 4, 2024.

The transaction was conducted in the ready market, and the form of share certificate involved was the Central Depository Company (CDC). Following this transaction, Mr. Malik's cumulative shareholding stands at 17,196 shares, representing a 0.00 percent stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), regulations require the disclosure of interest by relevant persons holding company shares to ensure transparency and compliance with market laws.

The sale of shares by executives is a regular occurrence and is often monitored to maintain transparency in financial markets.