Karachi: Tri-Star Mutual Fund Limited (TSMF) has been advised to disclose details related to recent unusual movements in its share prices. This follows the observation of significant price fluctuations in TSMF's securities, prompting regulatory intervention under the Securities Act, 2025, and PSX Regulations.

According to information available from the Pakistan Stock Exchange (PSX), the PSX has noted significant price movements in TSMF shares during the recent trading period. Under Section 97 of the Securities Act, 2025, and clause 5.6.3 of PSX Regulations, listed companies like TSMF are required to promptly respond to such fluctuations by either disclosing relevant matters and developments or stating a lack of awareness of any such matters.

Further, TSMF must comply with PSX regulation 5.6.1, which mandates the swift dissemination of any material or price-sensitive information that could impact share price or volume through the PSX's Public Information Collection and Retrieval System (PUCARS).

As of now, TSMF has not publicly shared whether it is aware of specific factors contributing to the unusual price movements of its shares. The regulatory framework is designed to ensure transparency and protect investors from potential market manipulations or insider activities.

In accordance with PSX Regulation 5.6.3, TSMF is expected to provide sufficient information to clarify the situation that has led to the noticeable changes in the price of its securities. This disclosure is crucial for maintaining market integrity and investor confidence.