Meezan Bank Addresses Unusual Share Price Movement; Reiterates Compliance with Regulatory Guidelines

Karachi, Meezan Bank Limited has issued a statement regarding the unusual movement of its share price between July 3 and July 31, 2023. The bank affirms its adherence to Section 97 of the Securities Act 2015 and Clause 5.6.3 of the PSX Regulations, asserting that there is no undisclosed matter, development, or material information that could explain the observed share price fluctuations during this period. The bank assures that any information relevant to market participants has been duly disclosed through PUCARS, reinforcing its commitment to transparency and regulatory compliance.

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