Karachi: Sardar Chemical Industries Limited (SARC) addressed concerns regarding the unusual movement in its share price, following a significant fluctuation observed in the market. The company's response came in light of a letter dated June 13, 2025, which sought clarification on this market activity.

The company stated that the trading activity, which led to the unusual price movement, occurred in the open market, an area that remains outside its direct control. Consequently, Sardar Chemical Industries Limited clarified that it is not privy to any undisclosed material information, event, or development that might have contributed to the recent shift in share price and volume.

According to information available from the Pakistan Stock Exchange (PSX), the movement in SARC's share price can be classified as a very large or significant move. Despite the concerns raised by this fluctuation, Sardar Chemical Industries Limited emphasized its commitment to maintaining compliance with the disclosure requirements set forth by the Pakistan Stock Exchange and the Securities and Exchange Commission of Pakistan (SECP).

The company assured stakeholders that it will continue to provide prompt updates to the Exchange about any material developments as they arise. This commitment to transparency aligns with its obligations and aims to keep the market informed of any changes that may impact the company’s performance or stock valuation.