Karachi: Popular Islamic Modaraba (PIM) has issued a statement addressing recent movements in its stock price and trading volume, following an inquiry from authorities dated July 9, 2025. The management clarified that there are no significant developments or changes in the affairs of the company that would account for the variation in its stock activity.

According to information available from the Pakistan Stock Exchange (PSX), the shares of Popular Islamic Modaraba have experienced a Big move in recent trading sessions. Despite this, the management of the Modaraba asserts there are no internal factors contributing to this activity.

The management further stated that they are unaware of any rumors or speculations that could have influenced the price or trading volume of the company's shares. They have assured stakeholders that the operations and strategic direction of Popular Islamic Modaraba remain stable and unchanged.

The trading activity of Popular Islamic Modaraba is monitored under the designated market category, which provides a framework for understanding shifts in trading volumes and stock prices. The management remains committed to transparency and will continue to communicate any material changes in a timely manner.