Sindh Modaraba has addressed unusual trading activity in its certificates, clarifying that there are no undisclosed material developments causing this movement.
- The company confirmed that approximately 95% of its certificates are held by the Modaraba Management Company and are classified as non-free float/frozen.
- Only 5% of the certificates are available for active trading among the general public, indicating limited liquidity.
- Sindh Modaraba highlighted previous disclosures regarding a PKR 1 billion equity injection from the Government of Sindh, which has positively impacted its financial position.
- The unusual trading volume may be influenced by the market's reaction to these past disclosures, despite no new material information being released.
- The company remains committed to compliance with PSX regulations and will continue to disclose any price-sensitive information promptly.