Karachi November 20 2024: Hascol Petroleum Limited is not aware of any material development that may impact the company share prices, according to company filing to the Pakistan Stock Exchange.
Share price of the company surge 56 percent in last five trading sessions at Pakistan Stock Exchange.
“Please be assured that the Company remains committed to promptly disclosing any material or price- sensitive information that may impact the trading price or volume of its shares, in strict compliance with the Securities Act, 2015 and PSX Regulations” states company in its filing.
“We confirm that, to the best of our knowledge, there are no material factors, developments, or undisclosed matters known to the Company that could reasonably be expected to have influenced the recent fluctuations in the price and trading volume of the Company’s shares. Consequently, there is no disclosure required under the applicable regulations in this regard” added the notice.
Apart from this, we would like to inform you that the Company is fully cognizant of its disclosure obligations under the applicable laws and Regulations and will continue to comply with the same.
Hascol Petroleum Limited was incorporated in Pakistan as a private limited company on March 28, 2001. On September 12, 2007 the Company was converted into a public unlisted company. The Company is engaged in the business of procurement, storage and marketing of petroleum, chemicals, LPG and related products. The Company obtained oil marketing license from Ministry of Petroleum and Natural Resources in the year 2005 and acquired assets of LPG licensed company in the year 2018.
