Trading Volume and Price of Pakistan Hotels Developers Limited

Karachi, Pakistan Hotels Developers Limited informed Pakistan Stock Exchange that they have been asked to narrate the reason for volatile price increase in shares of the Company running from Rs. 96.4 to 183.5 during period starting from July 22, 2016 to September 23, 2016

Pakistan Hotels Developers Limited (Formerly Taj Mahal Hotels Limited) (Company) was incorporated in 1979 at Karachi, Pakistan under the Companies Act, 1913 (now Companies Ordinance, 1984) as a private limited company and converted into public limited company in 1981. The company is listed with Pakistan Stock Exchange. The registered office of the company is situated at 195/2, Shahrah-e-Faisal, Karachi. The company is principally engaged in hotel business and owns and operates a Five Star Hotel known as Regent Plaza Hotel and Convention Centre, Karachi.

Regent Plaza Hotel & Convention Centre, Karachi features 413 rooms and extensive conferencing facilities. The Hotel also boasts two tempting restaurants; a Coffee shop serves round the clock, a well equipped fitness center, tennis courts, spa, secretarially maintained business center and sun-drenched outdoor swimming pool.

The symbol “PHDL” is being used by the stock exchanges for the shares Pakistan Hotels Developers Limited.