Karachi: Ghandhara Industries Limited (GHNI) has reported no known causes for the recent unusual price movements in its shares, according to a formal communication to the Pakistan Stock Exchange.

On August 20, 2024, in response to an inquiry from the Pakistan Stock Exchange regarding sudden fluctuations in GHNI share prices, Ghandhara Industries stated it was not aware of any specific events or developments that could have triggered the observed volatility. The company emphasized that all price-sensitive information had been regularly disclosed to the Exchange and the Commission in compliance with the relevant legal requirements.

According to information available from the Pakistan Stock Exchange (PSX), the company reiterated its commitment to transparency and regulatory compliance, affirming that all significant information affecting share prices had been made public as per the laws and regulations. Ghandhara Industries also offered further assistance and information if required, indicating its openness to address any additional queries from investors or regulatory bodies.

This statement comes amid heightened scrutiny of share price movements in the local markets, where regulatory compliance and timely disclosure of information are critical to maintaining investor trust and market stability.