Karachi: Flying Cement Company Limited has announced that it is unaware of any undisclosed material developments that could have influenced the recent unusual movements in its stock prices. This statement came in response to an inquiry from the Pakistan Stock Exchange dated September 05, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the company received a formal query regarding significant fluctuations in both the price and volume of its shares. In its response, Flying Cement clarified that there have been no recent material developments or information that the company has not already disclosed in compliance with legal requirements.
The company has consistently informed the Exchange and the Securities and Exchange Commission about all price-sensitive information as mandated by regulations. Flying Cement suggests that the recent stock price movements could be attributed to market factors and the individual assessments of investors, which are beyond the company's control.
Additionally, Flying Cement reassured stakeholders of its ongoing commitment to adhere to all legal and regulatory standards, aiming to maintain transparency and regular communication with the financial markets. The company expressed confidence that its response has sufficiently addressed the concerns raised by the Pakistan Stock Exchange.