Karachi: The Pakistan Stock Exchange (PSX) has reported an unusual movement in the price of the shares of Jubilee Spinning & Weaving Mills Ltd (JUBS) during the preceding period, prompting regulatory scrutiny. This development aligns with the requirements of Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations, which mandate listed companies to address such occurrences by sharing relevant information or confirming the absence of any known factors influencing the share price.

According to information available from the Pakistan Stock Exchange (PSX), the observed price fluctuation necessitates a response from Jubilee Spinning & Weaving Mills Ltd. The company is required to determine if any internal or external matters may have contributed to this unusual movement. Alternatively, the company must declare its unawareness of any such factors.

The PSX underscores the importance of timely disclosure of any material or price-sensitive information that could impact the share price or trading volume. Listed companies are obligated to disseminate such information promptly through the PSX, ensuring public access as outlined in PSX Regulation 5.6.1.

In response to these observations, Jubilee Spinning & Weaving Mills Ltd is advised to provide comprehensive information through the PSX’s Public Company Announcement Repository System (PUCARS). This action is intended to clarify the company’s position regarding the unusual price movement and is a compliance measure under PSX Regulation 5.6.3.