CNERGY refinery shuts down

In a notification sent to PSX on 14/04/2024, Cnergyico PK Limited (CNERGY) announced the refinery disruption for seeking help to dispose of excess petroleum products.

This is to inform your good office that Cnergyico Pk Limited is to temporarily shut down its refinery due to unavoidable ullage issues pertaining the alarmingly high petroleum products stocks (mainly HSD & PMG). In view of the above, we request support in timely disposal of our petroleum stocks, enabling us to restart production.

CNERGY shares were last trading at Rs 4.63. today.

📢 Announcement: We're on WhatsApp – Join Us There! 

Here's what you get:

• Member-Only Discussion Community
• Research Reports with Explanations & Expert Views
• Access to Exclusive KSEStocks Market Reports
• Model Portfolio with Clear Investment Rationale
• Monthly Portfolio Review & Health Check
• On-Demand Stock Coverage Requests
• PSX Facilitation (CDC Account, Share Transfer, Physical Conversion)

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →