Karachi: In the wake of unusual price movements in the shares of Calcorp Limited ("CASH"), the Pakistan Stock Exchange (PSX) has advised the company to promptly provide clarity on the situation. This advisory follows a notable shift in the share price of Calcorp Limited during the preceding period, as observed by PSX.

The regulatory notice issued by PSX cites the obligation under Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations, which mandate that listed companies must swiftly disclose any material or developments potentially influencing unusual trading activities. Companies are required to either detail any relevant matters or developments they are aware of that may be influencing these movements, or to explicitly state if they are unaware of any such developments.

According to information available from the Pakistan Stock Exchange (PSX), this directive aims to ensure transparency and maintain market stability by informing investors and the public of any significant information that could impact share prices and trading volumes. The regulations further specify that any price-sensitive information, when recognized, should be disseminated through the PSX to ensure proper public communication.

Calcorp Limited is now expected to investigate and report back to the PSX, detailing any known factors that could have contributed to the recent volatility in its share prices, in line with PSX Regulation 5.6.3. The outcome of this inquiry could potentially affect investor sentiment and the future trading patterns of CASH shares.