Karachi: Gulistan Spinning Mills Ltd has reported an unusual movement in the price of its shares, with no apparent justification stemming from company activities or market developments. The announcement, dated July 9, 2026, comes after the Pakistan Stock Exchange (PSX) initiated an inquiry into the fluctuations under Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations.

In response to the PSX's Letter No. PSX/Gen-768, dated July 6, 2026, Gulistan Spinning Mills Ltd conducted an internal review and found no significant activity or change within the company that could explain the recent variations in share price or trading volume. According to information available from the Pakistan Stock Exchange (PSX), the trading behavior has not been influenced by any undisclosed material developments, operational adjustments, or shifts in financial conditions.

The company has confirmed its financial position remains aligned with previously disclosed information to stakeholders, and no news or market developments have been identified that might have altered investor perception or contributed to the observed trading activity.

Gulistan Spinning Mills Ltd reiterated its obligation under the Securities Act, 2015, to promptly disclose any arising material information. The company assured ongoing monitoring of the situation and committed to keeping the exchange apprised of any pertinent developments.