Karachi: Asia Insurance Company Limited (ASIC) has addressed inquiries from the Pakistan Stock Exchange (PSX) regarding the recent unusual movements in the company's share price and trading volume. In a statement dated December 17, 2025, the company clarified its position in response to the PSX's notice, which was issued under Ref. No. PSX/Gen-2166 on December 11, 2025.

According to information available from the Pakistan Stock Exchange (PSX), ASIC has confirmed that it is not aware of any undisclosed material information, development, negotiation, decision, or event that could have influenced the observed market activity. The company further affirmed that no price-sensitive or material information has been withheld, and all relevant disclosures have been made in accordance with the Securities Act, 2015 and the PSX Rule Book.

The management of ASIC has conducted a thorough review of all ongoing operational, financial, and corporate matters and found no recent developments, transactions, or corporate actions that might reasonably impact the market price or trading activity of its shares. The company attributes the movements in share price and trading volume to broader market conditions, investor sentiment, or trading dynamics, rather than any internal or undisclosed factors.

ASIC reiterated its commitment to transparency and compliance, ensuring that any future material or price-sensitive information will be promptly disclosed through the PUCARS platform, adhering to Clause 5.6.3 of the PSX Regulations and other applicable laws. The company remains open to providing further clarifications or information to the Pakistan Stock Exchange if required.