Karachi: On September 11, 2025, Dewan Mushtaq Textile Mills Limited addressed an inquiry from the Pakistan Stock Exchange concerning the unusual movement in the price of its shares. The inquiry, referenced in a letter numbered PSX/Gen-1651 dated September 4, 2025, sought an explanation for the observed fluctuations in the company’s stock price.

Dewan Mushtaq Textile Mills Limited clarified that it possesses no control over its share price or the trading activities on the stock exchanges. The company expressed its lack of awareness regarding the reasons behind the fluctuations in both share prices and trading volumes. It emphasized that market prices are influenced by buyer and seller sentiments, which are best known to them.

The company assured that it is fully conversant with the legal requirements for disclosing price-sensitive information as per the PSX Regulations. According to information available from the Pakistan Stock Exchange (PSX), Dewan Mushtaq Textile Mills Limited will promptly disclose any significant developments to the Exchange for public dissemination.

The company’s communication aimed to address the concerns raised by the PSX, as it reiterated its commitment to transparency and compliance with regulatory obligations.