December 28 2021: Board of Directors of Drekkar Kingsway Limited (the Company) has changed the company name to Oilboy Energy Limited vide SECP’s Certificate No. B040311 dated December 27, 2021.
The stock rallied 176 percent in less than month’s time as per data published by Pakistan Stock Exchange.
Also, Memorandum of Association (MOA) of the Company has been revised. The company is in the business of trading of energy, petrochemicals and lubricants, besides the import/export of energy commodities, products & materials.
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Foreigners sold USD2.6 billion Pakistan Equities in last 7 years
Accordingly, management has requested the PSX to change the trading Symbol of the Company from DKL to “OBOY” and place the Company in “OIL & GAS MARKETING COMPANIES” sector of PSX from the ENGINEERING sector being in the business of trading of energy, petrochemicals and lubricants, besides the import/export of energy commodities, products & materials.
