Karachi, TPL Insurance Limited (TPLI) has addressed recent unusual movements in its stock prices, stating its lack of awareness of any material news or developments affecting the company's stock. This announcement follows a notice from the Pakistan Stock Exchange (PSX) regarding the observed price fluctuations.
TPL Insurance Limited responded to PSX's query, triggered by a noticeable change in the volume and value of its shares, by affirming its compliance with the disclosure obligations required by law. The company clarified that there are no recent decisions or material developments related to price-sensitive information that could have influenced the stock's performance. TPLI emphasized its commitment to transparency and ongoing cooperation with the PSX.
Furthermore, the PSX had noted the need for TPLI to disclose any information relevant to the unusual movements in its stock prices, as per the Securities Act of 2015 and PSX Regulations. The exchange advised TPLI to provide any pertinent information through the PSX’s Price-Sensitive Information Reporting System (PUCARS) to ensure that all market participants are well-informed.