Karachi: Service Industries Textiles Limited (SERT) has experienced an unusual movement in the price of its shares, prompting an inquiry from the Pakistan Stock Exchange (PSX), according to a notice issued on June 25, 2025.

The PSX has observed a significant change in the price of SERT's shares, triggering a requirement under Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations. These regulations mandate listed companies to disclose any relevant matter or development that could explain such unusual movements in the trading of their securities.

According to information available from the Pakistan Stock Exchange (PSX), the shares of Service Industries Textiles Limited have experienced a very large or significant move. This development has raised concerns and prompted the PSX to advise SERT to provide sufficient information to clarify the situation.

In response, Service Industries Textiles Limited is required to either disclose any known matter that might have influenced the stock price or confirm that it is unaware of any such development. This disclosure is crucial for maintaining transparency and ensuring that the investing public remains informed.

The PSX has emphasized the importance of promptly disseminating any material or price-sensitive information through its platform as stipulated under the PSX Regulation 5.6.1. This requirement ensures that all stakeholders have access to the same information, thus promoting fair trading practices.

Service Industries Textiles Limited is expected to furnish the necessary information through the PSX's Public Company Automated Reporting System (PUCARS) at the earliest. Failure to comply with these regulations could result in regulatory actions from the exchange.

As the market awaits further clarification from the company, investors and analysts are closely monitoring the situation to understand the factors behind the notable shift in SERT's share price.