Karachi: Beco Steel Limited recently addressed concerns regarding the unusual movement in its share price, following a letter dated June 17, 2025, from the regulatory authorities. The letter sought explanations for the atypical fluctuations observed in the company's stock value.

In its response, the management of Beco Steel Limited stated that it is not aware of any specific developments or material information that could have led to the unusual share price movement. This statement was made in compliance with Section 97 of the Securities Act 2015 and Clause 5.6.3 of the Pakistan Stock Exchange (PSX) Regulations.

According to information available from the Pakistan Stock Exchange (PSX), the company's shares have recently experienced a Big move in price, which prompted the inquiry from the regulatory authorities. The management of Beco Steel Limited emphasized its awareness of the obligations to disseminate material information and assured that it would adhere to these requirements should any significant developments arise.

The company has urged the TRE Certificate Holders of the exchange to be duly informed about the current situation and has reiterated its commitment to transparency and regulatory compliance.