Unusual Movement in Price and Volume of Dewan Textile Mills Limited

Karachi, Dewan Textile 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 Textile Mills Limited was incorporated in Pakistan on 16 April 1970 as a public limited company. The principal activity of the Company is manufacturing and sale of yarn. However, the Company has suspended its manufacturing operations since December 2015.

The shares of the Company are 46,064,609. The Earnings per shares of the company is (13.17) in 2020 which was (18.98) in 2019. The Company had a loss of 606,778,000 in 2020 which was 874,172,000 in 2019.