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Unusual Movement in Price or Volume of Ashfaq Textile Mills Limited

Karachi, Ashfaq Textile Mills Limited informed Pakistan Stock Exchange that they are not aware of any reasons which may have led to unusual movement in price or volume in the shares of the Company. However they believe that the positive trend maybe a reflection of positive outlook of the textile sector and the economy.

Ashfaq Textile Mills Limited is a company incorporated in Pakistan on January 14, 1988 as a private limited company. It was then subsequently converted into a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The core business activities of the company are manufacturing and sale of textiles and rendering of sizing and conversion services. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office and mills of the company is located in Faisalabad.

The symbol “ASHT” is being used by the stock exchange for the shares of Ashfaq Textile Mills Limited.