Karachi: Paramount Spinning Mills Ltd has addressed the recent unusual movement in the price of its shares, asserting that there is no known internal or market-driven reason for the fluctuations. The acknowledgment came in response to a query from the Pakistan Stock Exchange, dated July 6, 2026, under Section 97 of the Securities Act, 2015.

The announcement, made on July 9, 2026, follows an internal review by the company. Paramount Spinning Mills Ltd confirmed that no current activities within the organization could account for the recent changes in share price or trading volume. According to information available from the Pakistan Stock Exchange (PSX), the company has not identified any material developments or operational changes different from those previously disclosed to the public.

The company further clarified that it has not received any news or developments in the market that could have influenced investor perceptions or contributed to the unusual trading activity. Paramount Spinning Mills Ltd stated that its financial position remains consistent with prior disclosures to stakeholders.

In compliance with the Securities Act, 2015, Paramount Spinning Mills Ltd assured its commitment to promptly disclose any material information should it arise. The company continues to monitor the situation closely and has pledged to keep the exchange informed of any relevant developments.