Karachi: Attock Petroleum Limited disclosed a transaction involving shares executed by one of its executives on March 18, 2025. The transaction, disclosed under the Pakistan Stock Exchange (PSX) regulations, involves the sale of shares by Mr. Muhammad Ali Ejaz, an executive at the company.

According to the notification, Mr. Ejaz conducted a sale of 525 shares at a rate of 450 per share. The shares were held in the Central Depository Company (CDC) form and traded in the ready market, with no change in the percentage of shareholding as a result of the transaction. The disclosure was made in compliance with the PSX's requirement for transparency in transactions by directors, CEOs, executives, and substantial shareholders.

The company confirmed that this transaction would be reviewed in the subsequent board meeting. The review will include an examination of any potential non-compliance issues with clause No. 5.6.4 of the PSX Regulations. This step ensures adherence to the regulatory framework governing listed companies.

Attock Petroleum also confirmed that the holding period for the shares exceeded six months. In cases where the holding period is less than six months, the Securities Act, 2015, mandates that any profits be deposited with the Securities and Exchange Commission of Pakistan (SECP) under notification to the PSX. This is a measure intended to discourage short-term speculative trading by insiders.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are part of a broader effort to maintain market integrity and protect investor interests. The designated market category for this disclosure is the oil and gas sector, a key area of focus for Attock Petroleum.

The transaction by Mr. Ejaz will be closely monitored by investors and analysts for any implications it might have on the company's governance practices and market performance.