Karachi: The Pakistan Stock Exchange (PSX) has noted an unusual movement in the share prices of ICC Industries Limited (ICCI), prompting a regulatory notice under the Securities Act of 2015 and PSX Regulations. This movement observed in the preceding period necessitates an explanation from ICCI to either disclose any material information or confirm the absence of such developments.

The regulations require that any listed company experiencing significant fluctuations in the share price or trading volume must promptly address the situation. They are to inform the public either about any relevant incidents or assert a lack of knowledge regarding the cause of such unusual movements. This directive follows Section 97 of the Securities Act and clause 5.6.3 of PSX Regulations, which are designed to maintain transparency and protect investor interests.

According to information available from the Pakistan Stock Exchange (PSX), ICCI must now submit sufficient details to clarify the reasons behind the significant changes in the value and volume of its securities. The PSX insists on compliance with Regulation 5.6.1., which mandates the immediate dissemination of any price-sensitive information through the PSX's official channel, PUCARS, to ensure that all market participants are equally informed.

In summary, the PSX has observed an unusual movement in the share prices of ICCI, and in accordance with regulatory requirements, has advised the company to promptly disclose relevant information or confirm the absence of undisclosed material developments to the public.