Karachi: Saif Textile Mills Limited has addressed concerns regarding the unusual movement in the price of its shares, following an inquiry from the Pakistan Stock Exchange (PSX). In a response dated June 10, 2025, the company stated that it is not aware of any specific matter or development that could explain the fluctuations observed in its share prices.

The correspondence originated from a letter sent by the PSX on June 4, 2025, seeking clarification on the matter. Saif Textile Mills Limited emphasized its commitment to comply with PSX Regulations by ensuring that any required information is communicated promptly. The company assured that it would disseminate requisite information should any relevant developments arise.

According to information available from the Pakistan Stock Exchange (PSX), the movement in the company's share prices has raised questions among TRE Certificate Holders, prompting the exchange to seek clarification from the company. Saif Textile Mills Limited has advised that the TRE Certificate Holders of the Exchange be informed accordingly.

The situation remains under observation by market participants, with Saif Textile Mills Limited maintaining its stance of transparency and adherence to regulatory requirements. The company continues to engage with the stock exchange to ensure that all necessary disclosures are made in a timely manner.