Karachi: Gillette Pakistan Limited (GLPL) has reported that it is unaware of any matters or developments that could have contributed to the recent increased trading volume and price changes of its shares on the Pakistan Stock Exchange (PSX). This statement comes in response to a letter dated May 14, 2025, which inquired about the unusual trading activity.

The company, adhering to the requirements outlined in Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, asserted its lack of knowledge about any relevant issues or developments that might explain the observed fluctuations in its share price and volume. The PSX had noted the unusual movements during the preceding trading sessions.

According to information available from the Pakistan Stock Exchange (PSX), listed companies are obligated to promptly disclose any material or price-sensitive information that could potentially impact the price or volume of their shares. This disclosure is required to be made through the PSX for public dissemination, as stipulated under PSX Regulation 5.6.1.

The PSX has advised Gillette Pakistan Limited to provide sufficient information to clarify its position regarding the unusual price movements. This information should be communicated promptly through the PSX's Public Corporate Announcement Service (PUCARS) for public awareness, as per PSX Regulation 5.6.3.

The unusual trading activity in GLPL shares falls under the designated market category, which requires immediate attention and transparency to maintain the integrity of the market. The company has assured compliance with these regulations, maintaining that it will continue to monitor the situation closely.