UNUSUAL MOVEMENT IN THE PRICE OF THE SHARE OF JANANA DE MALUCHO TEXTILE MILLS LTD.

Karachi: Janana De Malucho Textile Mills Ltd. (“JDMT”) has responded to inquiries regarding the recent unusual movement in its share price. In a communication addressed to PSX under letter no. PSX/ Gen-1142 dated August 20, 2024, the company stated it is not aware of any undisclosed matters or developments that could have influenced the recent price volatility of its shares.

According to information available from the Pakistan Stock Exchange (PSX), the company further clarified that all price-sensitive information has been regularly disclosed to the Exchange and the Commission as per the relevant laws and regulations. JDMT expressed its commitment to transparency and its readiness to provide additional information if required by the authorities or stakeholders.

This response comes after the Pakistan Stock Exchange sought clarification from JDMT following noticeable fluctuations in the company’s stock price, which had drawn attention from investors and regulatory bodies.

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