Karachi: Noor Hussain, Assistant Manager (Stores) at Pakistan Oilfields Limited, sold 120 shares valued at PKR 650.50 each on October 04, 2024, as disclosed in a recent filing with the Pakistan Stock Exchange. This transaction forms part of the routine disclosures mandated by PSX regulations concerning the trading activities of major shareholders and executives of listed companies.

According to information available from the Pakistan Stock Exchange (PSX), the shares were transacted electronically and are part of the compliance process outlined under Clause No. S.6.4 of PSX Regulations. The disclosure ensures transparency regarding the financial activities of executives and key stakeholders within public companies in Pakistan.

Further details of the transaction will be reviewed in the upcoming board meeting of Pakistan Oilfields Limited, where the sale will be formally presented and recorded in line with the regulatory requirements. This is to confirm adherence to the holding period stipulations set forth in the Securities Act, 2015, which require a holding period of over six months for transactions of this nature.