Karachi: Gharibwal Cement Limited (GWLC) has acknowledged recent inquiries regarding unusual movements in its share price, affirming that no undisclosed material information or developments have contributed to this fluctuation. This statement was issued in response to a letter dated November 11, 2024, seeking clarification on the recent increase in GWLC's share price.

The company stated that all relevant information has been disclosed in a timely manner through the Pakistan Unified Corporate Action Reporting System (PUCARS), adhering to the applicable laws and regulations. According to information available from the Pakistan Stock Exchange (PSX), the inquiry into the share price movement was prompted by an unusual increase observed in recent trading sessions.

Gharibwal Cement Limited emphasized its commitment to transparency, ensuring that any and all pertinent information continues to be made available to the public and stakeholders as required by regulatory standards. The company did not provide further details on the specific drivers behind the share price movement, maintaining its position that all material information had already been shared.