Karachi: An executive of Mari Energies Limited has disclosed a recent transaction involving the purchase of company shares, as reported by the company on February 11, 2025. The disclosure was made in accordance with the regulatory requirements set forth by the Pakistan Stock Exchange (PSX) and the Securities Act, 2015.

Saad Zafar, an executive at Mari Energies Limited, informed that he acquired 200 shares of the company on February 4, 2025. The shares were purchased at a rate of 571 per share, with the transaction executed in the Central Depository Company (CDC) form on the ready market. The total value of the transaction amounts to 0.11 million.

The company has confirmed that this transaction will be reviewed in the forthcoming board meeting, adhering to clause 5.6.4 of the PSX Regulations. Furthermore, it has been assured that the holding period of the transaction extends beyond six months. In situations where the holding period is less than six months, the company is obligated to deposit the profit equivalent via a cheque with the Securities and Exchange Commission of Pakistan (SECP), providing the necessary intimation to the PSX.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining transparency and accountability within publicly traded companies. The PSX regulations mandate that any trading activity by company executives must be reported to ensure fair trading practices and the protection of shareholders' interests.

This transaction falls under the designated market category of the ready market, highlighting the importance of regulatory compliance in maintaining the integrity of stock market operations. The disclosure serves as a reminder of the responsibilities held by company executives when engaging in trading activities involving their firm's shares.