Ghandhara Automobiles Limited Reports No Known Reasons for Share Price Volatility

Karachi, Ghandhara Automobiles Limited (GAL) experienced notable fluctuations in its share price over the past month. According to information available from the Pakistan Stock Exchange (PSX), the company stated that it is unaware of any specific incidents or material information that could have influenced this unusual movement in its share prices.

The inquiry into the matter was in response to a formal letter from the PSX, referencing the Securities Act of 2015 and the PSX Regulations. Despite the observed volatility, Ghandhara Automobiles confirmed that there has been no undisclosed material information that the market participants are not aware of.

The company has communicated this information to the IRE Certificate Holders of the Exchange to ensure transparency and adherence to regulatory requirements.