Karachi: Shadab Textile Mills Limited (SHDT) is under scrutiny after the Pakistan Stock Exchange (PSX) reported unusual movements in the company's share price in recent trading sessions. The observation has triggered regulatory requirements under Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations, which mandate listed companies to disclose any relevant developments that could explain such fluctuations.

The PSX has called upon SHDT to provide a comprehensive disclosure detailing any known factors or new developments that could have influenced the share price movement. Alternatively, SHDT is expected to issue a statement affirming its lack of awareness regarding any such factors.

According to information available from the Pakistan Stock Exchange (PSX), the company is required to utilize the Public Company Automated Reporting System (PUCARS) to disseminate pertinent information to the public. This step is necessary to ensure transparency and maintain investor trust, as stipulated by PSX Regulation 5.6.1.

In compliance with these regulations, SHDT must submit any material or price-sensitive information that could impact the price or trading volume of its shares. The exchange has emphasized that this information should be made available promptly, ensuring that all stakeholders are adequately informed about the developments affecting the company’s market performance.

SHDT's response is awaited, as investors and market analysts keenly observe how the situation unfolds and whether the company will disclose any material information that could justify the observed market behavior.