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Karachi, Pakistan International Container Terminal Limited (PICT) has issued a response to an inquiry from the Pakistan Stock Exchange (PSX) regarding the unusual movement in the company’s share price. In reference to the PSX letter no PSX/Gen-1252 dated August 03, 2023, PICT clarifies that it is not aware of any specific matter or development that might account for the recent unusual fluctuations in its share price or trading volume.
The company asserts that there is no undisclosed material or price-sensitive information that has not been previously disclosed to the market through Pakistan Unified Corporate Actions Reporting System (PUCARs).
Furthermore, PICT reaffirms its commitment to complying with all applicable legal and regulatory procedures. The company assures its stakeholders and the market that it will continue to uphold its obligations and maintain transparency in its operations.
The response aims to address concerns raised by the PSX and provide assurance to investors and market participants regarding PICT’s awareness of market dynamics and its commitment to regulatory compliance.
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