Karachi: In response to inquiries about the unusual movement in its share price, M/S Nazir Cotton Mills Limited has stated it remains in full compliance with all relevant legal standards for information dissemination. This clarification came following a letter dated September 24, 2024, concerning the recent fluctuations in the company's stock price and trading volume.

The company emphasized its commitment to adhering to the Securities Act, 2015, and the rules set by the Pakistan Stock Exchange Limited. According to information available from the Pakistan Stock Exchange (PSX), Nazir Cotton Mills reported that it is not aware of any specific reasons that would account for the observed volatility in its share price or trading volume, asserting that these changes are purely a function of market dynamics.

The designated market category in this context involves regulatory compliance and market behavior monitoring. Nazir Cotton Mills assured its stakeholders and regulatory bodies that any material information affecting the company would be disclosed as required by law. The company also expressed its readiness to address any further queries regarding its share price movements.