Karachi: Leather Up Limited has reported unusual movement in its stock price and volume, as noted in a communication with the Pakistan Stock Exchange (PSX) dated February 6, 2025. This development comes after the PSX raised concerns regarding these irregularities through their letter No. PSX/Gen-251 on February 3, 2025.

In response, Leather Up Limited has affirmed its adherence to regulatory frameworks, specifically citing section 97 of the Securities Act, 2015, and Clause 5.6.3 of the Pakistan Stock Exchange Regulations. The company stated that it has no knowledge of any undisclosed material information that could have contributed to the atypical fluctuations in its stock behavior.

According to information available from the Pakistan Stock Exchange (PSX), the company has reiterated its commitment to transparency and compliance with all pertinent regulatory mandates. Leather Up Limited emphasized that all significant information has already been communicated to the market via PUCARS, the platform used for corporate announcements and disclosures.

As the company operates within the designated market category, it remains vigilant in monitoring any developments that could impact its stock performance. Leather Up Limited reassured its stakeholders of its ongoing diligence in maintaining compliance with the PSX’s regulatory requirements.