Karachi: Trust Modaraba, a listed entity on the Pakistan Stock Exchange (PSX), has been advised to address an unusual movement in the price of its certificates. This alert comes as part of the regulatory requirements outlined in Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, which necessitate the disclosure of pertinent information when significant shifts in price or volume are detected.

The PSX observed this unusual movement during the preceding period, prompting a formal request for clarification from Trust Modaraba. The company must disclose any known matters or developments that could explain the price volatility or confirm the absence of such factors. This protocol ensures transparency and maintains investor confidence in the market.

According to information available from the Pakistan Stock Exchange (PSX), listed companies are obligated to disseminate any material or price-sensitive information that might impact the price or trading volume of their securities promptly. This is facilitated through the PSX's Public Companies Automated Reporting System (PUCARS), as stipulated under PSX Regulation 5.6.1.

In response to the observed fluctuations, Trust Modaraba is required to furnish sufficient information to clarify its position, as mandated by PSX Regulation 5.6.3. The aim is to provide the public with a comprehensive understanding of the factors influencing the trading dynamics of Trust Modaraba's certificates. The market category for this disclosure falls under the financial services sector.