Karachi: In response to a notice from regulatory authorities regarding the unexpected rise in its share price, GOC (Pak) Limited stated on August 08, 2024, that it is unaware of any specific reasons contributing to the recent price movement. According to information available from the Pakistan Stock Exchange (PSX), the company received Notice No. Gen-1072, inquiring about the significant fluctuation in its share price.

The company clarified that it has no means to address or explain the sudden increase in share value. GOC emphasized its commitment to adhering to legal standards for information dissemination. The management assured stakeholders that all material information affecting the market price of its shares would be disclosed as required by the Securities Act, 2015, and Rule Soak of the Pakistan Stock Exchange.

Furthermore, GOC reiterated its dedication to transparency and regulatory compliance, confirming that any future material information will be shared in line with the established regulations to ensure all market participants are equally informed.