Karachi: The Pakistan Stock Exchange (PSX) has observed an unusual movement in the share price of Shezan International Limited, raising questions about the underlying causes of the fluctuation. The stock exchange, in a letter dated April 25, 2025, addressed this anomaly and sought clarification from the company regarding any material information that might have prompted this change.

Shezan International Limited, a prominent entity in the consumer goods sector, responded to the inquiry by stating that it is not aware of any specific reason or material information that could have resulted in the unusual movement of its share price. The company referenced Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations to assert that all pertinent information has been disclosed to the market through the Pakistan Unified Corporate Action Repository System (PUCARS).

According to information available from the Pakistan Stock Exchange (PSX), the share price of Shezan International Limited has shown significant volatility, prompting the need for transparency and adherence to regulatory standards. The company emphasized its commitment to complying with all PSX Rules and Regulations, as well as other relevant regulatory requirements, to maintain market integrity.

The designated market category for Shezan International Limited remains under scrutiny as market participants await further details that could explain the recent price movements. The company assured stakeholders of its diligence in ensuring that all necessary disclosures are made promptly and in accordance with regulatory expectations.