Karachi: The shares of Blue-Ex Limited, traded under the ticker "GEMBLUEX" on the Growth Enterprise Market (GEM) of the Pakistan Stock Exchange (PSX), have experienced an unusual movement in price over the past month. The company addressed these fluctuations in response to an inquiry from the PSX, dated January 17, 2025, under letter reference GEN-131.

Blue-Ex Limited, a participant in the designated market category of GEM, clarified that there is no known material information or matter that could have instigated this recent volatility in share price and volume during the preceding month. This statement was made under the compliance of section 97 of the Securities Act, 2015, and Clause 5.6.3 of the PSX Regulations, demonstrating the company's commitment to regulatory standards.

According to information available from the Pakistan Stock Exchange (PSX), the company has ensured that it remains vigilant about the applicable regulatory framework. Blue-Ex Limited has pledged that any data or information of significance will be immediately communicated to the PSX through the Pakistan Unified Corporate Action Reporting System (PUCARS) as per the requirements.

As Blue-Ex Limited continues to monitor the situation closely, stakeholders and investors are advised to stay informed of any official announcements or updates from the company or the PSX regarding this unexpected market activity.