Lahore: Sui Northern Gas Pipelines Limited has announced a closed period from July 18, 2024, to July 26, 2024, in compliance with Rule No. 5.6.4 of the Pakistan Stock Exchange (PSX) Limited Rule Book.

The closed period is instituted as a precautionary measure prior to the Board Meeting scheduled for July 26, 2024, where the company's financial results for the fiscal year ended June 30, 2023, and the first quarter accounts for the period ending September 30, 2023, will be disclosed. During this period, directors, the CEO, and executives are prohibited from dealing directly or indirectly in the company's shares.

According to information available from the Pakistan Stock Exchange (PSX), the enforcement of a closed period is a standard practice aimed at preventing insider trading and ensuring transparency in transactions ahead of significant announcements that could affect the market price of the company’s shares.

The company's adherence to these regulations underscores its commitment to fair trading practices and the protection of shareholder interests.