AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Crescent Textile Mills Limited (“CRTM”) has responded to an inquiry regarding unusual movements in its share volume, as noted in a letter from the Pakistan Stock Exchange dated July 24, 2024. The company has stated it is unaware of any circumstances that would lead to significant volatility in its share transactions.
The inquiry from the Pakistan Stock Exchange sought clarification from Crescent Textile Mills about any known factors influencing the trading volume of its shares. According to information available from the Pakistan Stock Exchange (PSX), the request was made under regulations that require transparency and disclosure of price-sensitive information.
Crescent Textile Mills assured the exchange that it adheres to all relevant regulations, including clause 5.6.1 and 5.6.3 of PSX regulations and Section 97 of the Securities Act, 2015. The company emphasized its commitment to disclose any material or price-sensitive information promptly in accordance with applicable laws.
The company’s response was aimed at addressing concerns about the share volume and maintaining compliance with market regulations, assuring the exchange and investors of its vigilance in matters of regulatory compliance and transparency.