Karachi: The regulatory body has officially requested a clarification from Sui Southern Gas Company Limited (SSGC) concerning the notable fluctuations in the price and volume of its shares. The inquiry, dated November 13, 2024, cites Section 97 of the Securities Act, 2015, alongside PSX Regulation 5.6.3.

According to information available from the Pakistan Stock Exchange (PSX), the formal letter demands explanations for the movements observed in SSGC’s shares, aiming to ensure transparency and maintain fair trading practices within the marketplace. This initiative is part of ongoing efforts by the PSX to monitor listed companies and safeguard investor interests.

Market analysts speculate that the inquiry could lead to increased scrutiny of trading activities surrounding the shares of SSGC. The designated market category for SSGC remains under watch, as outcomes from this query may influence future regulatory measures or market perceptions.