Karachi: The Pakistan Stock Exchange (PSX) has issued a request for clarification to Hallmark Company Limited (HCL) concerning the recent significant price movements of its shares.

Issued on September 5, 2024, the notice is in accordance with Section 97 of the Securities Act, 2015, and PSX Regulation 5.6.3. The action follows observations of substantial volatility in the share prices of Hallmark Company, prompting the exchange to seek insights directly from the company. According to information available from the Pakistan Stock Exchange (PSX), this inquiry is intended to ensure transparency and fair trading practices within the financial markets.

The letter, marked PSX/Gen-1232, calls on Hallmark Company Limited to provide a detailed explanation of the factors contributing to the recent movements in its stock prices, to better inform investors and other market participants.