AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Atlas Battery Limited has responded to inquiries about unusual movements in its share price, as detailed in a letter from the Pakistan Stock Exchange dated July 24, 2024. The company reported that it is unaware of any undisclosed factors that could have influenced the recent price volatility of its shares.
According to information available from the Pakistan Stock Exchange (PSX), the inquiry was initiated following notable fluctuations in the price of Atlas Battery’s shares. The company’s management clarified that all significant information that might impact share price has been disclosed through PUCARS, in accordance with Section 97 of the Securities Act 2015 and Clause 5.6.3 of the PSX Regulations.
The company reassured stakeholders and regulatory bodies that it maintains transparency in its operations and adheres strictly to regulatory requirements designed to keep the market informed of any developments that could influence its share price.