Karachi: Blue-Ex Ltd, traded under the symbol GEMBLUEX, has responded to concerns regarding recent unusual movements in its share price. In a communication dated July 24, 2024, the company addressed a query from the regulatory authority, affirming that it has no knowledge of any material information or events that could have influenced the trading activity of its shares over the past month.

According to information available from the Pakistan Stock Exchange (PSX), Blue-Ex Ltd has experienced notable fluctuations in share price and volume, prompting inquiries into potential undisclosed material information that could affect investor decisions.

The company stated its commitment to regulatory compliance, citing adherence to section 97 of the Securities Act, 2015, and Clause 5.6.3 of the PSX Regulations. Blue-Ex Ltd reassured stakeholders that it operates within the bounds of applicable laws and will continue to promptly report any relevant information through the PSX's Public Disclosure and Reporting System (PUCARS).

This announcement comes as the company seeks to maintain transparency with its investors and regulatory bodies, ensuring that all parties are informed of its compliance and operational status in real time.