Karachi: On October 24, 2024, Mr. Khalid Zaman Khan, an executive at Meezan Bank Limited, executed two significant share transactions, according to a disclosure form filed with the Pakistan Stock Exchange. The transactions, reported under PSX Regulation 5.6.4, involved the sale of Meezan Bank shares through the CDC certificate system.

In the first transaction, Mr. Khan sold 2,671 shares at a rate of PKR 242.01 per share, while in the second, he sold 17,329 shares at the same rate. According to information available from the Pakistan Stock Exchange (PSX), the combined sales did not alter his cumulative shareholding percentage in the bank, which remained at 0%.

These transactions were disclosed in a Form-29 notification submitted to the General Manager of the Pakistan Stock Exchange Limited, which outlined the specific details and compliance with regulatory requirements. The nature of these sales, as standard stock market operations, underscores the active trading environment within the executive ranks of the bank.

The disclosure indicates a continuation of active trading by bank executives, which is regularly reported to ensure transparency and adherence to market regulations.