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Unusual Movement in Price and Volume of Dewan Farooque Spinning Mills Limited

Karachi, Dewan Farooque Spinning Mills Limited informed Pakistan Stock Exchange that the Company does not control its share price or activities in terms of trading volume in the Stock Exchanges, they are completely unaware in relation to increase in price and trading volume.

Dewan Farooque Spinning Mills Limited was incorporated as a Public Limited Company on December 22, 2003. The company is principally engaged in the manufacturing and sale of yarn.

The shares of the Company are 97,750,726. The Earnings per shares is (2.02) in 2020 which was (2.15) in 2019. The Company had a loss of 197,869,000 in 2020 which was 210, 213,000 in 2019.