Karachi: Dawood Equities Limited (DEL) has officially responded to inquiries from the Pakistan Stock Exchange regarding recent unexpected fluctuations in its share price. The company stated that it is not aware of any material developments within the company that could have led to these unusual price movements.

According to information available from the Pakistan Stock Exchange (PSX), the inquiry was prompted by a notice dated September 24, 2024, issued under Section 97 of the Securities Act, 2015, and Clause 5.6.3 of the PSX Regulations, seeking clarification from DEL about the significant changes in its stock price.

DEL has reassured the market and its investors that it adheres strictly to all disclosure requirements as mandated by the legal and regulatory frameworks. The company also emphasized its commitment to maintaining transparency with its shareholders and regulatory bodies.