⚡ Flash Summary

Attock Refinery Limited (ARL) has announced a board meeting scheduled for October 28, 2025, to approve the unaudited financial statements for the first quarter ending September 30, 2025. A closed period has been declared from October 21, 2025, to October 28, 2025, during which directors, the CEO, executives, and employees’ retirement benefit funds are prohibited from dealing in the company’s shares. Mr. Muhammad Hashim Ali has been designated to transmit the meeting results to the Exchange. The announcement was made on October 20, 2025, and filed with the Pakistan Stock Exchange.

📌 Key Takeaways

• 📅 ARL board meeting scheduled for October 28, 2025.
• 🏦 Meeting aims to approve unaudited financial statements for Q1 2025 (ending September 30).
• 🚫 Closed period declared from October 21 to October 28, 2025.
• 🔒 During the closed period, insiders are restricted from trading ARL shares.
• 👤 Mr. Muhammad Hashim Ali deputed to communicate meeting results.
• 📜 Announcement complies with PSX Rule Book clause 5.6.4.
• 💼 Restrictions apply to Directors, CEO, Executives, and Employees’ Retirement Benefits Funds.
• 🔗 Restrictions extend to indirect dealings in Attock Refinery, Attock Petroleum, and National Refinery shares.
• ✉️ Official communication dated October 20, 2025.
• 📍 Meeting to be held at POL House, Morgah, Rawalpindi.
• 🕒 Meeting scheduled for 11:30 a.m.
• 📊 Focus is on reviewing Q1 2025 financial performance.
• 🇵🇰 Filed with Pakistan Stock Exchange Limited.

🎯 Investment Thesis

Based on the announcement, a HOLD recommendation is maintained. This is because the information is purely procedural and does not offer enough insight to make an informed BUY or SELL decision. Further analysis is needed after reviewing the Q1 2025 financial results. The price target remains unchanged until a thorough financial assessment is conducted. The time horizon is dependent on the company’s subsequent performance and financial disclosures.