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Karachi: Attock Refinery Limited has disclosed a transaction involving its shares by an executive in compliance with PSX Regulation 5.6.4. This regulation mandates the declaration of any trading of company shares by directors, executives, and significant shareholders, as well as their spouses and minors.
On September 10, 2024, Muhammad Qasim, an executive at Attock Refinery, executed a sale of 300 shares at a rate of 322.69 each, according to the notification. The transaction took place on the ready market and was facilitated through the Central Depository Company (CDC).
According to information available from the Pakistan Stock Exchange (PSX), this disclosure aligns with stringent transparency requirements aimed at preventing conflicts of interest and promoting fair trading practices within the securities markets. The regulatory framework ensures that all transactions are publicly disclosed, providing shareholders and investors with timely and accurate information regarding the actions of significant internal stakeholders.
The cumulative shareholding of Muhammad Qasim following this transaction remains at zero, indicating no remaining direct ownership interest in the company’s shares post-transaction. This event underscores the rigorous compliance culture Attock Refinery promotes concerning the ethical handling of insider information and trading activities.
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