Karachi: Mehmood Textile Mills Limited, a notable entity in the textile industry, addressed a recent inquiry regarding the unusual movement in its share price. On March 26, 2025, the company issued a statement in response to a query from the Pakistan Stock Exchange (PSX) concerning the volatility observed in its share price, as referenced by letter No. PSX Gen-622 dated March 21, 2025.

In the statement, the company clarified that there have been no significant changes in its assets or operations over the past year. The management of Mehmood Textile Mills Limited emphasized that its performance had remained consistent and typical of past patterns. The volume of shares traded was reported to be less than one percent of the company’s paid-up capital, indicating no unusual activity in terms of trading volume.

However, the company acknowledged a decrease in its share price, attributing it to general market fluctuations. The statement confirmed that there was no material development or price-sensitive information that necessitated public disclosure. According to information available from the Pakistan Stock Exchange (PSX), the company’s shares experienced a decline, but this was not linked to any specific internal developments.

The company secretary, who undersigned the statement, affirmed that there was no awareness of any matters or developments that could be deemed price-sensitive. The response was provided to fulfill the requirements specified in the PSX’s inquiry, with the company requesting that this clarification be considered adequate for the matter at hand.