⚡ Flash Summary
Dawood Equities Limited (DEL) has responded to a notice from the Pakistan Stock Exchange (PSX) regarding unusual movement in its share price. In a letter dated November 25, 2025, DEL stated that it is unaware of any specific matter or material development that would have caused the unusual price fluctuation during the preceding period. The company affirmed its commitment to complying with all applicable legal and regulatory disclosure requirements. The PSX initially requested clarification from DEL on November 21, 2025, after observing the unusual share price movement.
📌 Key Takeaways
- ⚠️ PSX issued notice PSX/Gen-2059 on November 21, 2025, regarding unusual price movement in DEL shares.
- 📅 DEL responded on November 25, 2025, stating no awareness of specific trigger.
- 📜 DEL acknowledges Section 97 of Securities Act, 2015 and Clause 5.6.3 of PSX Regulations.
- 🔍 DEL confirms no material development caused the price fluctuation.
- ⚖️ DEL is cognizant of disclosure requirements and will ensure compliance.
- 🏢 DEL’s Head Office is located at I.I. Chundrigar Road, Karachi.
- 📞 DEL’s Head Office contact number is (92-21) 32271881-83.
- 📧 DEL’s email for inquiries is info@dawoodequities.com.
- 📍 DEL’s Stock Exchange Branch is located in the New Stock Exchange Building, Karachi.
- 🌐 DEL’s website for branch information is www.dawoodequities.com.
- 👤 Salman Yaqoob is the CFO & Company Secretary.
- 🏦 PSX requires listed companies to disclose relevant information in case of unusual movements.
- 📢 PSX Regulation 5.6.1 requires prompt dissemination of price-sensitive information.
- ℹ️ DEL is advised to furnish sufficient information for clarity under PSX Regulation 5.6.3.
- 🌐 PSX advised DEL to clarify its position promptly through PUCARS for public information.
🎯 Investment Thesis
Based solely on this announcement, a HOLD recommendation is appropriate. The company is complying with regulatory requests, but there is no information available to assess its financial performance or growth potential. Further analysis and financial data are needed to make a more informed investment decision.
Disclaimer: AI-generated analysis. Not financial advice.