Lahore: Ali Asghar Textile Mills Limited (AATM) is under scrutiny following an unusual movement in the price of its shares, as observed by the Pakistan Stock Exchange (PSX). The incident, noted during the preceding period, has prompted regulatory obligations 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 to the public.

The PSX regulations require AATM to provide either details of any known matter that may have influenced the share price or declare its lack of awareness regarding such developments. According to information available from the Pakistan Stock Exchange (PSX), companies are obligated to promptly release any material or price-sensitive information that could impact share prices or trading volumes.

AATM has been advised to furnish adequate information to clarify its position concerning the unusual share price movement. This disclosure is required to be made promptly through the PSX Unified Corporate Action Reporting System (PUCARS) for public awareness, as per the stipulated PSX Regulation 5.6.3.