TPL Insurance Denies Unusual Trading Volume Report

TPL Insurance – Window Takaful Operation (WTO), a provider of insurance and Takaful services, refuted a report on Tuesday indicating unusual activity in the trading volume of its shares.

In a formal notification to the Pakistan Stock Exchange (PSX) earlier today, the company disclaimed the report.

“We wish to clarify that neither the Board of Directors nor the Management is aware of any ongoing speculations or unconfirmed information related to TPL Insurance Limited (“TPLI”), beyond what has already been disclosed,” the company stated in its notice.

The company further asserted that the Board and senior management have consistently upheld the highest standards of legal and ethical conduct in managing TPLI’s operations.