Karachi: Fateh Sports Wear Limited has officially addressed concerns regarding recent unexpected fluctuations in its stock price, stating that the company is unaware of any internal developments that could have caused such movements.

In response to an inquiry from the Pakistan Stock Exchange (PSX) cited in letter No PSX/Gen-1142 dated August 20, 2024, Fateh Sports Wear affirmed its commitment to transparency, noting that it has not identified any material events within the company that would justify the recent increase in its share price and trading volume.

According to information available from the Pakistan Stock Exchange (PSX), the company has also requested that the Exchange conduct a thorough investigation into the matter. Fateh Sports Wear expressed its willingness to cooperate fully and provide any necessary information to assist with this inquiry.

This proactive approach by Fateh Sports Wear aims to maintain investor confidence and ensure compliance with market regulations, reflecting its dedication to uphold corporate governance standards in the face of unusual market activity.