Karachi: In a recent disclosure dated February 13, 2025, Mari Energies Limited announced that an executive employee has traded in the company’s shares, fulfilling the regulatory requirements set by the Pakistan Stock Exchange (PSX). This announcement underscores the company's commitment to maintaining transparency and adhering to market regulations.

According to the statement released by Mari Energies Limited, Daniyal Nafees, an executive within the company, has disclosed a transaction involving the purchase of 160 shares at a rate of 591 per share on February 11, 2025. The shares were acquired in the Central Depository Company (CDC) form and fall under the ready market category.

The company has confirmed that this transaction will be addressed at the upcoming board meeting, in compliance with clause 5.6.4 of the PSX Regulations. This measure is part of the company’s protocol to ensure all transactions are scrutinized and recorded appropriately.

Moreover, Mari Energies Limited has assured that the holding period for the transaction exceeds six months. In instances where the holding period is less than six months, the Securities Act, 2015, mandates that any profit generated from the transaction must be returned by depositing an equivalent cheque with the Securities and Exchange Commission of Pakistan (SECP), with proper notification to the PSX.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are vital for maintaining investor confidence and ensuring that all trading activities by insiders are conducted with integrity and transparency.

This disclosure by Mari Energies Limited highlights the ongoing efforts by companies to comply with regulatory frameworks and to promote an environment of trust and accountability within the financial market landscape.