Karachi: Regulatory Affairs Division Following an unexpected surge in trading volume, Oilboy Energy Limited (OBOY) has attracted the scrutiny of the Pakistan Stock Exchange (PSX) regulatory body. The sudden increase in share transactions, noted on September 24, 2024, prompted an official request for clarification from the company, under the directives of Section 97 of the Securities Act, 2015, and PSX Regulation 5.6.3.
This regulatory action highlights the vigilance of the PSX in monitoring trading activities that deviate from normal patterns. According to information available from the Pakistan Stock Exchange (PSX), the volume of shares traded for Oilboy Energy was significantly higher than average, although specific figures were not disclosed.
The letter sent to Oilboy Energy requests detailed explanations for the trading anomaly, aiming to maintain transparency and protect investor interests in the market designated for Energy Companies. As the situation develops, further details are expected to emerge regarding the cause of the volume spike and any potential implications for Oilboy Energy and its stakeholders.