Karachi: Service Industries Textiles Ltd. (SERT) has issued a clarification regarding the recent unusual movements observed in its share price. The announcement was made following inquiries from the Pakistan Stock Exchange (PSX), dated July 21, 2026, under letter no. PSX/Gen-839. The company provided a statement on July 23, 2026, to address these concerns.

In accordance with Section 97 of the Securities Act, 2015, and clause 5.6.3 of the Pakistan Stock Exchange Regulations, Service Industries Textiles Ltd. affirmed its compliance. The company stated that it has communicated all price-sensitive and material information to the Exchange in a timely manner, as required by the regulations.

The company's directors and officers, along with any associated parties, have categorically denied involvement in the recent share price movements. Furthermore, Service Industries Textiles Ltd. has declared that it is not aware of any information that could have led to the unusual activity in its stock.

According to information available from the Pakistan Stock Exchange (PSX), there has been a significant interest in the shares of Service Industries Textiles Ltd. recently. However, the company maintains that it has adhered to all regulatory requirements and is committed to transparency with its shareholders and the market.

The textile industry remains a crucial segment within the designated market category, with companies like Service Industries Textiles Ltd. playing a pivotal role. The PSX continues to monitor the situation closely to ensure market integrity and protect investor interests.