Karachi: The Pakistan Stock Exchange (PSX) has noticed an unusual movement in the price and volume of Shadman Cotton Mills Limited (SHCM) shares, prompting a compliance check under local securities regulations. According to information available from the Pakistan Stock Exchange (PSX), listed companies like SHCM are mandated to promptly report any material developments that might affect stock prices, as outlined in Section 97 of the Securities Act, 2025, and Clause 5.6.3 of PSX Regulations.

The regulatory notice requires SHCM to disclose either details of any relevant matter affecting its share price and volume or confirm the absence of such developments. This action follows the observation of notable changes in the market behavior of SHCM shares during the previous trading sessions.

SHCM is now under obligation to provide sufficient information to clarify the reasons behind the significant movement observed in its stock's price, as per the stipulations of PSX Regulation 5.6.3. The company must use the PSX's Public Utility Corporate Action Repository System (PUCARS) for disseminating this information to the public.

This regulatory scrutiny aims to ensure transparency and protect investor interests by requiring timely disclosure of any price-sensitive information.