⚡ Flash Summary

Trust Modaraba (TRSM) has responded to the Pakistan Stock Exchange’s (PSX) inquiry regarding unusual price movement in its certificates. In a letter dated November 10, 2025, the company stated that they are not aware of any material information or development that could have caused the recent price fluctuations. This announcement provides reassurance that there are no undisclosed events impacting the company. Investors should perform their due diligence to understand external market factors or potential speculation influencing TRSM’s price.

📌 Key Takeaways

• 📢 Trust Modaraba addresses unusual price movement inquiry from PSX.
• 🗓️ Response dated November 10, 2025, referencing letter PSX/Gen-1993 dated November 6, 2025.
• ✅ Company confirms no awareness of any material information causing the price fluctuation.
• 🔍 No undisclosed developments impacting the value of TRSM certificates.
• 🤷‍♀️ Uncertainty about cause, potentially market speculation or external factors.
• 💼 Hamida Aqeel, Company Secretary, signed the confirmation.
• 🏢 Karachi office located at Kassam Court, Clifton.
• 📍 Lahore office located in Garden Heights, New Garden Town.
• 🌐 Information available on www.trustmodarba.com.
• 📧 Contact via info@trustmodarba.com.
• 📞 Karachi office contact numbers include 021-35873369 and others.
• 📞 Lahore office contact numbers include 042-35941957 and 35941958.

🎯 Investment Thesis

HOLD. Given that the company states it is unaware of the reason behind the price fluctuation, it is impossible to formulate a clear buy or sell recommendation based solely on this announcement. Existing holders should monitor the stock closely, while potential investors should proceed cautiously. A neutral outlook is justified until further clarification arises. We recommend keeping the existing price target unchanged, but monitoring closely.