Karachi: In a recent official response to the Pakistan Stock Exchange (PSX), Interloop Limited ("ILP") addressed the substantial fluctuations in its share trading volume. According to information available from the Pakistan Stock Exchange (PSX), this update comes following an inquiry regarding the unexpected trading activity. The company, a major player in the textile industry, confirmed that there have been no undisclosed price-sensitive developments or pending announcements that could have influenced these movements, asserting that the variations were purely market-driven.

The correspondence, dated September 24, 2024, was prompted by a formal request from the PSX for clarification in accordance with Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations. Interloop reassured stakeholders and regulators that it remains committed to full compliance with disclosure obligations, ensuring that any material information will be promptly shared with the market as mandated by the regulations.

This declaration has been recorded by the PSX as part of its ongoing efforts to maintain transparency and order in the market, safeguarding investor interests by closely monitoring trading activities and company disclosures.