Karachi: An unusual movement in the share price of Shahzad Textile Mills Limited has prompted an inquiry. The company, in a statement dated June 10, 2026, addressed concerns raised by the Pakistan Stock Exchange (PSX) regarding recent fluctuations observed in its share value.
The inquiry comes after a letter, No. PSX/Gen-680, was issued on June 09, 2026, seeking clarification on the matter. In compliance with Section 97 of the Securities Act, 2015, and Clause 5.6.3 of the PSX Regulations, Shahzad Textile Mills Limited responded, asserting that it is not aware of any internal developments or price-sensitive information that might explain the share price changes.
According to information available from the Pakistan Stock Exchange (PSX), the trading activity and price movement are attributed to prevailing market forces and sentiments. This suggests that the fluctuations are not influenced by any undisclosed corporate actions or material developments within the company.
The company emphasized its commitment to adhering to all continuous disclosure obligations as mandated under the Securities Act, 2015, and the PSX Regulations. Shahzad Textile Mills Limited assured stakeholders that any future material or price-sensitive information affecting share price or trading volume would be disseminated promptly via PUCARS, in accordance with PSX Regulation 5.6.1.
The response aims to clarify the company’s stance and maintain transparency with investors and the market, as it navigates the current market conditions.