PIA Class B Shares Soar Over Rs18,000 in a Month, PSX Demands Explanation

In an unexpected turn during the ongoing privatization process of Pakistan International Airlines (PIA), the price of its Class B shares has soared dramatically — rising from Rs4,000 to over Rs22,000 per share within just one month.

The astonishing jump of more than Rs18,000 per share has raised eyebrows at the Pakistan Stock Exchange (PSX). The regulatory authority has taken serious notice of this unexplained surge and has formally approached PIA Holding Company, seeking an explanation behind this sharp market movement.

In response, PIA issued an official letter stating that the airline has no knowledge of any material development or insider information that could have triggered such a drastic spike. The company further added that it is unaware of any event that could justify the abnormal market behavior.

The sharp increase has sparked speculation in the investment community, especially as the airline navigates its sensitive privatization phase. Analysts suggest the surge may be driven by speculation, insider trading suspicions, or unverified market rumors — although no concrete evidence has yet surfaced.

Market watchers await further regulatory investigation to determine the cause behind this surge, as the matter continues to evolve.