Karachi: Dewan Mushtaq Textile Mills Limited (DMTM) has reported an unusual movement in its share price, despite the company's operations being suspended since July 2016 due to ongoing litigation, adverse conditions, and working capital constraints. The company, in response to an inquiry dated May 6, 2025, stated that it remains unaware of the reasons behind the fluctuations in its share prices and trading volumes.

According to a communication addressed to the Pakistan Stock Exchange, the company reiterated that it has no control over its share price or trading activities. The management emphasized that the market prices are heavily influenced by the sentiments of buyers and sellers, which are beyond the company's purview.

The suspension of operations has been consistently disclosed in the company's financial statements. The management has assured compliance with the legal disclosure requirements for price-sensitive information as per the PSX Regulations. They have committed to promptly informing the exchange of any significant developments that may arise in the future.

According to information available from the Pakistan Stock Exchange (PSX), the unusual share price movement has raised questions among investors, as the company has been inactive operationally for nearly a decade. The company has yet to provide any insight into potential catalysts for the recent trading activity, leaving market participants to speculate on possible underlying factors.

Dewan Mushtaq Textile Mills Limited operates within the textile sector, a designated market category on the PSX. Despite the ongoing uncertainties, the company remains under scrutiny as stakeholders await further disclosures that might shed light on the ongoing situation.