Karachi: AN Textile Mills Limited is under scrutiny following an unusual movement in the price of its shares, as noted by the Pakistan Stock Exchange (PSX). This development has prompted a regulatory response in accordance with Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, which necessitate listed companies to address such fluctuations promptly.
According to information available from the Pakistan Stock Exchange (PSX), AN Textile Mills Limited has experienced significant volatility in its share price over the preceding period. This has led the PSX to request the company to either disclose any relevant developments that might explain the unusual price movements or affirm the absence of such knowledge.
Under the PSX Regulation 5.6.1, any material or price-sensitive information that could impact the price or volume of shares must be disseminated promptly through the PSX for public awareness. AN Textile Mills Limited has been advised to provide sufficient information to clarify its position regarding the observed fluctuations in its share price.
The PSX’s request underscores the importance of transparency among publicly listed companies in the designated market category. The situation remains under observation as stakeholders await further disclosures from AN Textile Mills Limited.