ISLAMABAD: Pakistan Oilfields Limited (POL) recently disclosed a significant transaction involving one of its senior executives. On February 6, 2025, Mr. Muzaffar Khattak, who serves as the Senior Executive of Materials at POL, executed a purchase of 1,000 shares at a rate of 601.00 per share. The transaction, valued at 0.60 million, was carried out electronically through the market.

According to the Pakistan Stock Exchange (PSX) regulations, such transactions by company executives require thorough documentation and subsequent presentation to the board of directors. The disclosure of this transaction is aligned with clause No. 5.6.4 of PSX Regulations, which mandates transparency in the dealings of company executives and their spouses, as well as substantial shareholders. This ensures that the integrity of the market is maintained and stakeholders are kept informed.

The company has confirmed that this transaction will be presented at the next board meeting for further consideration. Additionally, it was noted that the holding period for this transaction exceeds six months. However, should the holding period be less than six months, any profit made would be deposited with the Securities and Exchange Commission of Pakistan (SECP), as required by Section 105 of the Securities Act, 2015. This ensures compliance with the regulatory requirements and upholds market discipline.

According to information available from the Pakistan Stock Exchange (PSX), the transaction executed by Mr. Khattak illustrates the ongoing interest and investment activities within the oil and gas sector in Pakistan. This move highlights the confidence of company insiders in the potential growth and stability of Pakistan Oilfields Limited.

This disclosure comes at a time when the energy sector in Pakistan is experiencing shifts and changes. Market observers will likely watch how this transaction reflects broader trends within the industry and its potential impact on POL's future performance.