Karachi: Thal Limited ("THALL") has addressed concerns regarding the recent unusual volume in its share trading, confirming lack of internal developments that could have influenced this activity. The company responded to the Pakistan Stock Exchange (PSX) on August 06, 2024, following an inquiry about these anomalies in trading patterns.

The inquiry stemmed from a marked increase in the trading volume of THALL's shares, prompting a request for clarification from the PSX to ensure compliance with market regulations. Thal Limited, in a statement issued today, clarified that it is not aware of any specific incidents or developments that would account for the fluctuations observed in its stock prices or trading volumes. This response aligns with the company's commitment to transparency and adherence to legal and regulatory frameworks.

According to information available from the Pakistan Stock Exchange (PSX), the company had previously made all necessary material information disclosures. This includes a specific announcement (Ref: TL/2024/4900) dated April 25, 2024, which complied with Section 96 of the Securities Act, 2015 and clause 5.6.1 of PSX Regulations. These disclosures are part of Thal Limited's ongoing efforts to maintain open communication with its investors and to uphold the regulations set forth by financial authorities.

Thal Limited reiterated its dedication to ongoing compliance with PSX regulations, ensuring that all pertinent information affecting shareholder interests is promptly and accurately disclosed, maintaining the integrity and transparency required by market overseers and participants alike.