Media report on network system upgrades not price-sensitive: SSGC

MG News | July 04, 2024 at 11:50 AM GMT+05:00

0:00

July 04, 2024 (MLN): In response to the PSX letter regarding price-sensitive information, Sui Southern Gas Company Limited (SSGC) has clarified that the media report related to process reinforcement, replacement, and rehabilitation of the network system should not be considered as price-sensitive information requiring immediate disclosure.

SSGC operates in a regulated regime where the revenue is determined by the regulators based on predetermined benchmarks.

Any incremental impact on revenue cannot be precisely ascertained until the revenue determination by the Regulator.

Therefore, SSGC considers that the report published by the media house should not be regarded as having an impact on prices.

"We believe that the justification provided above will serve the purpose and absolve the company from complying with any legal requirements regarding disclosure," the notice concludes.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	164,235.12 216.85M	-0.22% -355.29
ALLSHR	99,909.81 519.99M	-0.42% -417.61
KSE30	50,088.60 54.82M	-0.24% -121.21
KMI30	239,352.90 25.31M	0.39% 920.77
KMIALLSHR	65,871.49 257.77M	-0.23% -154.88
BKTi	46,017.21 34.74M	-1.42% -660.81
OGTi	32,732.79 4.44M	-0.04% -13.38

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,180.00	111,845.00 109,820.00	760.00 0.69%
BRENT CRUDE	66.15	66.30 65.41	0.16 0.24%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.05 -1.29%
ROTTERDAM COAL MONTHLY	92.60	92.60 92.60	0.80 0.87%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	61.97	62.13 61.21	0.18 0.29%
SUGAR #11 WORLD	15.14	15.34 15.08	-0.15 -0.98%