Interloop Limited Faces Scrutiny Over Unusual Trading Volume

Karachi: Interloop Limited, a prominent textile manufacturer, is currently under scrutiny by the Pakistan Stock Exchange (PSX) due to unusual trading volumes of its shares. According to information available from the Pakistan Stock Exchange (PSX), the company received a formal inquiry under Section 97 of the Securities Act, 2015, and PSX Regulation 5.6.3.

The inquiry, dated September 24, 2024, seeks to clarify the reasons behind the significant fluctuations in share volumes observed recently. This movement has sparked interest among market participants and regulators alike, aiming to ensure transparency and compliance with trading regulations.

Interloop Limited, listed under the main market category at PSX, has not yet responded to the queries from the PSX. The stock market’s regulatory division is closely monitoring the situation to maintain market integrity and protect investor interests.

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