Karachi: Tariq Corporation Limited has reported an unusual movement in the price of its preference shares, raising questions among investors and stakeholders. This development was addressed in a recent communication from the company, dated November 11, 2024, in response to an inquiry about the unusual activity.

The corporation stated that it is unaware of any specific matter, development, or material information that could explain the recent fluctuations in their preference shares' prices. This clarification comes amid heightened attention from market participants and regulatory bodies monitoring such irregularities closely.

According to information available from the Pakistan Stock Exchange (PSX), the price changes have not been linked to any announced corporate actions or market disclosures from Tariq Corporation Limited. The company emphasized its commitment to transparency and adherence to all applicable disclosure obligations under existing laws and regulations.

In its communication, the company assured that it remains vigilant in its responsibility to inform the TRE Certificate Holders of the Exchange about any significant developments or disclosures as required. The corporation's proactive stance aims to maintain trust and clarity in its communications with investors and the broader market community.