Sindh Modaraba has addressed an inquiry regarding unusual trading volume of its certificates, clarifying that there are no undisclosed material developments affecting the stock.
- The company confirmed that approximately 95% of its certificates are held by the Modaraba Management Company, classified as non-free float.
- Only 5% of the certificates are available for public trading, making active trading relatively immaterial.
- Sindh Modaraba previously disclosed an equity injection of PKR 1,000M from the Government of Sindh, which has positively impacted its financial position.
- The increase in market price is attributed to this prior material development, influencing trading volume.
- The company remains committed to compliance with PSX regulations and timely disclosures.