AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, In response to a query from the Pakistan Stock Exchange (PSX) regarding the unusual movement in the price of its shares, Dewan Sugar Mills Limited issued a statement clarifying its position on the matter. According to information available from the Pakistan Stock Exchange (PSX), the inquiry, referenced in PSX letter No. PSX/Gen-793 dated June 6, 2024, sought an explanation for the significant fluctuations observed in the company’s share price and trading volumes.
Dewan Sugar Mills expressed that it has no control over its share price or trading activities on the stock exchanges. The company stated that it is unaware of the reasons behind the price fluctuations and the trading volumes. Further, it mentioned that market prices are influenced by factors known only to the buyers and sellers.
The company also highlighted its awareness and compliance with legal requirements concerning the disclosure of price-sensitive information. It reassured the exchange and its investors that it would continue to disclose any significant developments promptly to ensure compliance with PSX regulations and transparency with the public.