Karachi: Dewan Automotive Engineering Limited (DWAE) has recently experienced significant fluctuations in its share price, prompting a request for clarification from the Pakistan Stock Exchange (PSX). According to a letter from the PSX dated January 15, 2026, the company has been asked to explain the unusual movements in its stock value.

The company responded by asserting that it has no control over the trading volumes or the prices of its shares on the exchange. Dewan Automotive Engineering Limited reiterated its previous communications to the PSX, dated November 14, 2024, August 21, 2024, and July 11, 2024, in which it stated its lack of awareness regarding the factors influencing the fluctuations in its share prices.

According to information available from the Pakistan Stock Exchange (PSX), there have been notable price variations in DWAE’s shares during the current month. The company acknowledged a sharp increase followed by a decline in the stock price, describing these movements as concerning and potentially indicative of market manipulation. Dewan Automotive emphasized its commitment to corporate governance and transparency, ensuring that all price-sensitive information is promptly shared with the PSX.

The company has requested PSX to investigate and provide information regarding the reasons and individuals involved in these transactions, stressing that market prices are influenced by the sentiments of buyers and sellers, which are best known to the members and brokers of the PSX.

Dewan Automotive Engineering Limited assured that it complies with all relevant regulations as stipulated by the Securities and Exchange Commission of Pakistan (SECP), and it has disclosed all material information about the company to the exchange. The company expressed its hope that the response addresses the concerns raised by the PSX.