Karachi: Maqbool Textile Mills Limited (MQTM) has reported an unusual movement in its share price, as disclosed in a communication with the Pakistan Stock Exchange (PSX). The textile company, in its letter dated August 5, 2026, addressed concerns raised by PSX through letter no PSX/GEN-851 dated July 24, 2026.

The company stated it has no knowledge or means to explain the recent fluctuations in its share price and trading volume. According to information available from the Pakistan Stock Exchange (PSX), there have been no identifiable events, developments, or circumstances that Maqbool Textile Mills Limited could attribute to the increase in its share price and trading activity.

The company has assured stakeholders that any pertinent information affecting the share price will be disseminated promptly through the Pakistan Unified Corporate Action Reporting System (PUCARS). This action will comply with section 97 of the Securities Act-2015 and clause 5.6.3 of PSX Regulations. The company emphasized its commitment to transparency and timely reporting to the market.

Maqbool Textile Mills falls under the textile sector in the market category. The company is closely monitoring the situation and remains vigilant for any developments that could impact its share value.