Attock Refinery denies sale claims, stock down over 5%

MG News | November 11, 2024 at 02:51 PM GMT+05:00

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November 11, 2024 (MLN): Attock Refinery Limited (PSX: ARL) issued a clarification today, denying false media reports claiming the sale of the company.

The company informed market participants through a notice issued to the PSX today.

In the notice, ARL stated that it is fully cognizant of all applicable legal and regulatory requirements and will continue to ensure compliance with them.

Despite this clarification, ARL’s stock has dropped by 5.24%, or Rs25.88, compared to the last closing price.

The company is a subsidiary of The Attock Oil Company Limited, England and its ultimate parent is Coral Holding Limited (a private limited company incorporated in Malta).

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