Karachi: The Pakistan Stock Exchange (PSX) has noted an unusual movement in the share prices of Data Agro Limited (DAAG) in the preceding period. This observation was announced in light of the requirements set by Section 97 of the Securities Act, 2015, and clause 5.6.3. of the PSX Regulations.

The regulations mandate that listed companies must promptly disclose information to the public regarding any unusual price or volume movements of their traded securities. Specifically, DAAG is required to either disclose any relevant information it is aware of that might explain the unusual activity or confirm the absence of such information.

According to information available from the Pakistan Stock Exchange (PSX), the need for transparency and prompt disclosure is critical in maintaining market integrity and protecting investors. Companies are urged to disseminate material or price-sensitive information that could impact share prices or trading volumes through the PSX. This process is facilitated by the PSX's Regulation 5.6.1., which aims to ensure that all market participants have access to important developments.

In response to the observed movements, DAAG has been advised to provide sufficient information through the PSX's Public Disclosure System (PUCARS) to clarify the reasons behind the significant fluctuations in its share price and trading volume. Compliance with these regulations is essential for the fair and efficient operation of the capital market, providing all stakeholders with timely and accurate information.