AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Data Agro Limited (DAAG) has officially responded to inquiries about recent unusual movements in its stock price. The company addressed the matter following a notification from the Pakistan Stock Exchange (PSX) referenced as PSX/GEN-793 dated June 6, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the shares of Data Agro Limited experienced significant fluctuations in both price and trading volume, prompting a query from PSX authorities. The company stated that it is unaware of any specific developments that could have triggered these movements. Data Agro Limited also confirmed that there are no undisclosed material facts as per the requirements of section 97 of the Securities Act, 2015, and clause 5.6.3 of the Pakistan Stock Exchange Regulations.
The management of Data Agro emphasized its ongoing commitment to legal and regulatory compliance, ensuring that all procedures are thoroughly followed. The company reassured stakeholders of its dedication to maintaining transparency and adherence to market regulations.
Data Agro Limited expressed its hope that this clarification would address and alleviate the concerns raised by the recent stock performance.