Karachi: United Brands Limited (UBDL) has reported an unusual movement in the price of its shares, prompting an inquiry from the Pakistan Stock Exchange (PSX). In response to a letter dated January 03, 2025, the management of UBDL has stated that they are unaware of any matter, development, or material information that could have led to the significant fluctuations in their share prices during the preceding period.

The company has clarified that there is no known internal or external factor contributing to the volatility observed in the market. The management emphasizes that they have no undisclosed information or events that might have influenced the stock’s performance.

According to information available from the Pakistan Stock Exchange (PSX), the unusual movement in UBDL’s share price has raised concerns among investors and market analysts. The PSX had sought clarification from the company to ensure transparency and maintain investor confidence in the designated market category.

The management of UBDL has urged the PSX to disseminate this clarification to its members to avoid any misinformation or speculation regarding the company’s stock. The situation highlights the importance of timely and clear communication between listed companies and stock exchanges to uphold market integrity and investor trust.