Karachi: MCB Bank Limited has disclosed a significant transaction involving the spouse of one of its directors, according to a report dated November 2, 2026. The transaction, executed on October 29, 2026, involved a purchase of shares by Mrs. Nighat Tariq, the spouse of Mr. Muhammad Tariq Rafi, a director at MCB Bank Limited.
The transaction was conducted through the Central Depository Company (CDC) in the Negotiated Deal Market (NDM). Mrs. Tariq acquired 450,000 shares at a rate of PKR 399.22 per share. This acquisition has increased her cumulative shareholding to 6,165,093 shares, representing 0.52% of the total shares of MCB Bank Limited.
According to information available from the Pakistan Stock Exchange (PSX), this transaction is categorized as a moderate move based on the percentage increase in shareholding. The PSX requires such disclosures under its Regulation 5.6.4, ensuring transparency in transactions by relevant persons holding shares in listed companies.
The transaction reflects the ongoing interest and investment activities of key stakeholders within MCB Bank Limited. The bank operates within the designated market category of financial services.