Chenab Limited and GOC Respond to Stock Movement

Chenab Limited stated on Monday that it is unaware of any reason for the unusual activity observed in the trading volume and share price of its stock.

GOC issued a similar statement of unawareness. Both companies communicated this information to the Pakistan Stock Exchange (PSX) through separate notices earlier today.

Chenab mentioned it had been monitoring the irregular movement for several days, during which trading volume exceeded 12 million shares.

“Since we possess no undisclosed material information that could impact the price, we request that you investigate this matter and keep us informed,” the company stated to the PSX.

GOC also indicated it had no explanation regarding the fluctuation observed in its share price.

“We would like to clarify that we are not aware of any factors that might have caused the increase in the company’s share price,” GOC stated in its notice to the PSX.

Chenab Limited was initially established as a private limited company in Pakistan in 1985 before converting to a public limited company.

The company’s operations include exporting value-added fabrics, ready-made textiles, and fashionable garments. It is also involved in fabric toll manufacturing for the local market.

GOC was founded in Pakistan in 1964 as a private limited company and later became a public limited company in 1986.

The company’s primary business is manufacturing and selling cricket balls, hockey sticks, and other premium sporting goods.