Karachi: Mari Energies Limited has disclosed recent share transactions by one of its executive employees, Brigadier Aftab Ahmed Qureshi (Retired), according to a company statement issued on June 3, 2025.
The disclosure details that Brig. Qureshi executed two separate transactions involving the purchase of the company's shares. On the specified date, he acquired 216 shares at a rate of 621.25 in the Central Depository Company (CDC) ready market. Additionally, he purchased 500 shares at a rate of 624, also within the CDC ready market.
These transactions are scheduled to be reviewed in the upcoming board meeting of Mari Energies Limited, in compliance with clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are part of the regulatory requirements for transparency in share dealings by company insiders.
The company further confirmed that the holding period of these transactions exceeds six months. Should any transaction fall within a holding period of less than six months, any profits realized would be subject to a deposit with the Securities and Exchange Commission of Pakistan (SECP), as mandated by Section 105 of the Securities Act, 2015, with due notification to the PSX.
Mari Energies Limited is listed under the Designated Market Category, adhering to the regulatory standards set forth by the PSX for corporate governance and transparency. The company's adherence to these regulations ensures that all share transactions by its executives are conducted with full disclosure and in compliance with legal requirements.