Karachi: A notable movement in the share price of Quice Food Industries Limited has been identified, prompting attention under the regulatory framework of the Pakistan Stock Exchange (PSX). According to information available from the Pakistan Stock Exchange (PSX), the company has been advised to provide a comprehensive response regarding this unusual activity, as stipulated by Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations.

The PSX has requested Quice Food Industries Limited to disclose any relevant developments or factors that may have contributed to this irregular movement in its share price. This requirement is crucial to ensure transparency and maintain investor confidence in the market. Quice is expected to promptly clarify its position, including any material or price-sensitive information, through the PSX.

This announcement comes as part of a broader effort by the PSX to monitor and address unusual trading activities that could impact market stability. As part of the designated market category, Quice Food Industries Limited is obligated to comply with these regulatory requirements to ensure that all pertinent information is available to the investing public. The company’s response is anticipated to shed light on the factors influencing its share price, offering clarity to stakeholders and market participants.