Karachi: In a recent development concerning Haseeb Waqas Sugar Mills Limited (HWQS), the company has addressed an inquiry from the Pakistan Stock Exchange (PSX) regarding an unusual movement in the trading volume of its shares. The inquiry, dated January 22, 2026, was initiated under the guidelines of Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations.

Dated January 27, 2026, the response from Haseeb Waqas Sugar Mills Limited underlined that the company possesses no material or price-sensitive information that would influence the market price or trading volume of its shares. The management emphasized its lack of control over the fluctuation in share prices or trading volumes on the stock exchange and expressed unawareness of any underlying factors contributing to the observed market activity.

According to information available from the Pakistan Stock Exchange (PSX), the unexpected trading volume prompted the exchange to seek clarification from the company, leading to the response where HWQS firmly stated that no director, CEO, or executive of the company engaged in trading the company’s shares during the preceding period. The company reiterated that market prices are primarily driven by the sentiments of traders, specifically the buyers and sellers involved, whose motivations remain best known to them.

In their communication, Haseeb Waqas Sugar Mills Limited requested a thorough investigation by the Pakistan Stock Exchange to ascertain the reasons behind the unusual trading activity and to identify any parties involved. The company assured that all relevant material information had been disclosed to the exchange in compliance with the Securities Act, 2015, and PSX regulations, reaffirming their commitment to transparency and regulatory adherence.

The situation remains under review as stakeholders await further developments and insights from the ongoing investigation by the stock exchange authorities.