Karachi: EFG Hermes Pakistan Limited (EFGH) has submitted a clarification regarding the unusual movements in its share price. This response comes after the PSX, under Section 97 of the Securities Act, 2015 and PSX Regulation 5.6.3, sought an explanation from EFGH on this matter. The details were made public through a letter dated October 01, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the communication aimed to address concerns and provide transparency to all market participants regarding the recent fluctuations in the company's stock value. Such inquiries are standard procedure to ensure that all market activities are conducted transparently and that shareholders are well informed.

As part of its regulatory obligations, PSX continues to monitor market activities closely to safeguard the interests of investors and maintain the integrity of the trading environment.