Karachi: United Brands Limited (UBDL) has been advised to address unusual movements in its stock price, as observed by the Pakistan Stock Exchange (PSX). This comes in response to a mandate from PSX regulations and the Securities Act of 2015, specifically citing Section 97 and clause 5.6.3, which emphasize the need for timely public disclosure by listed companies if they experience significant fluctuations in the price or volume of their traded securities.

According to the regulations, UBDL is required to either disclose any pertinent information that could explain these movements or confirm the absence of such developments. The Pakistan Stock Exchange has taken note of the noteworthy changes in UBDL's share price during the previous period and has prompted the company to provide a comprehensive explanation to the public.

According to information available from the Pakistan Stock Exchange (PSX), in situations where there is material or price-sensitive information that could influence the company’s stock value, it is imperative for the affected company to promptly share this information through the PSX, which then ensures its further dissemination to the public as outlined under PSX Regulation 5.6.1.

UBDL's response will be crucial in clarifying the causes behind the observed volatility of its shares, thus maintaining transparency and compliance with PSX regulations. The company is expected to fulfill this obligation through PU ARS for public disclosure, ensuring all stakeholders are adequately informed.