Karachi: Khyber Textile Mills Limited, listed under the ticker "KHYT" on the Pakistan Stock Exchange (PSX), has come under scrutiny following an unusual movement in its share price. This development has prompted regulatory attention in accordance with Section 97 of the Securities Act, 2015, alongside clause 5.6.3 of the PSX Regulations.

According to the PSX's requirements, listed companies must disclose any matter or development that could be relevant to such unusual price movements. Alternatively, they must confirm the absence of such matters. The PSX observed this unusual activity in the share price of KHYT during the preceding period, leading to a formal advisory issued to the company.

The PSX has mandated that Khyber Textile Mills provide sufficient information to clarify its position concerning the unusual share price movement. This disclosure is expected to be made promptly through the PSX's PUCARS system, ensuring public transparency.

According to information available from the Pakistan Stock Exchange (PSX), if any material or price-sensitive information is identified, it is imperative for companies like KHYT to disseminate this information swiftly. This requirement is stipulated under PSX Regulation 5.6.1, which aims to ensure that investors and the public are adequately informed about developments that could impact share prices.

The textile sector, to which Khyber Textile Mills belongs, is a designated market category within the PSX. This sector's performance is closely watched by investors, given its significant role in Pakistan's economy. As the situation unfolds, stakeholders will be awaiting further disclosures from KHYT to understand the factors influencing its share price movement.