Sally Textile Mills Responds to Share Price Movement

Sally Textile Mills Limited stated on Tuesday that it was unaware of any specific reason for the recent fluctuations observed in its stock price and trading volume.

In a formal notification submitted to the Pakistan Stock Exchange (PSX), the company acknowledged the unusual activity in its share values and the quantity of shares traded.

The notice specified, “The company confirms that it has not made any official releases or undertaken any corporate actions during this period that would explain the irregular trading patterns.”

Furthermore, the statement added, “In compliance with Regulation 5.6.3, we have thoroughly examined all internal communications and decisions made at the board level during the relevant timeframe and can verify that there has been no selective disclosure or unauthorized release of any confidential information that could affect the stock price.”

Sally Textile Mills Limited is registered in Pakistan as a Public Limited Company, operating under the Companies Ordinance of 1984. The company’s primary business is a spinning operation focused on the production and sale of yarn products.