Karachi April 17 2022: Cnergyico PK Limited (CNERGY), formerly BYCO Petroleum, director made 24% return in two days as per information shared by the company to the Pakistan Stock Exchange (PSX).
The company inform that the Mrs. Uzma Abbasi, Non-Executive Director of Cnergyico Pk Limited (through Integrate Pk (Private) Limited) have purchased 57,142,857 shares on 15th April 2022 at rate of Rs 5.43 per share.
The stock rallied 23.7 percent in two days to close the trading at Rs 6.72 on Friday, 15th April 2022.
Company confirm that holding period for the transaction(s) is over six (06) months and in case it is within six ‘(06) months, the cheque equivalent to the profit shall be deposited with the SECP as required under Section 105 of the Securities Act, 2015 under intimation to the PSX.
Cnergyico Pk Limited was incorporated in Pakistan as a public limited company on 09 January 1995 under the repealed Companies Ordinance, 1984. The Company currently operates two business segments namely Oil Refinery Business and Petroleum Marketing Business. Petroleum Marketing Business was formally launched in 2007.
