Karachi: Pakistan Synthetics Limited (PSYL) has been advised to provide clarity regarding the unusual movements observed in the volume and price of its shares, in compliance with local securities regulations. According to information available from the Pakistan Stock Exchange (PSX), there has been a notable fluctuation in the trading activity of PSYL shares.

The Pakistan Stock Exchange has highlighted a significant fluctuation in the price of PSYL shares during the recent trading period. This observation requires PSYL to respond under the Securities Act of 2025 and PSX Regulation 5.6.3. These regulations mandate that listed companies must promptly disclose any material developments that could influence such movements.

PSYL must either disclose any pertinent information that may explain the unusual activity in its shares or issue a statement confirming its unawareness of such developments. This requirement aims to maintain transparency and protect investor interests by ensuring all material information is promptly made public.

Further, any material or price-sensitive information that could affect the price or volume of the shares needs to be immediately disseminated through PSX. This is to ensure that all market participants have equal access to important information, as stipulated under PSX regulation 5.6.1.

In response, PSYL is expected to submit the necessary details through the PSX's Public Information Collection and Retrieval System (PUCARS) to clarify the reasons behind the significant movements observed in its security prices.