Mari Petroleum Announces Director’s Share Purchase

Karachi: Mari Petroleum Company Limited has reported a significant share transaction by one of its executives, according to a disclosure of interest notification submitted to the Pakistan Stock Exchange (PSX).

On August 16, 2024, Executive Adil Akbar completed the purchase of 100 shares of Mari Petroleum at a price of 3,418 PKR per share. The shares were bought in the ‘Ready’ category through the Central Depository Company (CDC).

According to information available from the Pakistan Stock Exchange (PSX), this transaction will be addressed in the upcoming board meeting as mandated by clause 5.6.4 of PSX Regulations. The company also noted that if the holding period for these transactions is less than six months, a cheque equivalent to the profit earned will be deposited with the Securities and Exchange Commission of Pakistan (SECP) as stipulated under Section 105 of the Securities Act, 2015, with a formal intimation to PSX.

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