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UNUSUAL MOVEMENT IN THE PRICE OF THE SHARES OF ALI ASGHAR TEXTILE MILLS LIMITED (AATM)

Karachi: With reference to a query from the Pakistan Stock Exchange (PSX) concerning the recent unusual price movements in the shares of Ali Asghar Textile Mills Limited (AATM), the company has stated that there is no new information available that could explain these fluctuations. This response follows a letter from PSX dated July 10, 2024, seeking clarification on the matter.

According to the communication from AATM, there are no undisclosed matters that could have influenced the stock’s recent performance. The company emphasized that all pertinent information had been included in its Director’s Report from March 2024, which detailed the company’s performance and future plans. Furthermore, AATM referred to a previous letter sent to PSX on May 23, 2024, which discussed ongoing efforts to settle Central Depository Company (CDC) dues, indicating that these efforts are still underway.

According to information available from the Pakistan Stock Exchange (PSX), investors and stakeholders are advised to rely on formal disclosures from the company. AATM is actively following up with the CDC to resolve the dues settlement, which is part of their current financial engagements as previously disclosed to the public and the stock exchange.

The company has reiterated its commitment to transparency and timely communication with its investors and the regulatory bodies, ensuring that all relevant financial information is readily accessible and comprehensible.

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