Karachi, Cordoba Logistics and Ventures Limited (CLVL) has responded to a notice from the Pakistan Stock Exchange (PSX) regarding the unusual movement in its share prices. According to information available from the Pakistan Stock Exchange (PSX), the company received the notice on May 9, 2024, in line with Section 97 of the Securities Act, 2015, read with Clause 5.6.3 of the PSX Regulations.

The company reported that the only notable development that occurred over the past few days was a series of share purchases by Mr. Danish Elahi, the Chief Executive Officer and Director of CLVL. These transactions included the purchase of 90,000 shares at a rate of 7.43 on April 29, 310,000 shares at 7.91 on April 30, 40,000 shares at 8.41 on May 2, 250,500 shares at 8.76 on May 3, 5,000 shares at 9.55 on May 6, 16,000 shares at 10.55 on May 7, and 50,000 shares at 11.46 on May 8. All transactions were conducted on the open market.

CLVL also confirmed compliance with Clause 5.6.4 of the PSX Regulations, and stated that no other developments had transpired that might impact the price movement of the company's traded securities. The company has made all relevant information available and remains open to further inquiries on this matter.