Karachi: Pakistan Oilfields Limited has reported a transaction involving the sale of company shares by Mr. Omar Hafeez, Assistant Manager (Finance). The transaction occurred on October 21, 2024, and involved the sale of 500 shares at a rate of PKR 560.1843 per share.

The shares sold by Mr. Hafeez were in electronic form and were sold through the market. According to information available from the Pakistan Stock Exchange (PSX), this transaction will be presented at the subsequent board meeting for consideration, as mandated under clause No. 5.6.4 of PSX Regulations. The company has confirmed the execution of the transaction and its reporting to the Exchange.

The disclosure of this transaction follows the regulatory guidelines set by PSX, which require that all such transactions involving directors, CEOs, executives, their spouses, and substantial shareholders be reported and reviewed by the board.