Ghandhara Automobiles Limited Reports No Known Causes for Recent Share Price Volatility

Karachi, Shares of Ghandhara Automobiles Limited (GAL) have experienced significant price movements in recent days, prompting inquiries into potential causes behind this volatility. In response to a query from the Pakistan Stock Exchange dated April 22, 2024, Ghandhara Automobiles Limited stated that there are no undisclosed material developments or information that could explain the unusual activity in its stock prices.

The company emphasized compliance with Section 97 of the Securities Act 2015 and Clause 5.6.3 of the PSX Regulations, affirming that all pertinent information had been made available to the market through the Public Unlisted Companies Automated Reporting System (PUCARS).

Investors and TRE Certificate Holders of the Exchange have been advised of this confirmation.