Lahore: The Pakistan Stock Exchange (PSX) reported an unusual movement in the price of shares for The Crescent Textile Mills Limited (CRTM), according to regulatory notifications. The disclosure, made under the Securities Act, 2015, and PSX regulations, has prompted CRTM to provide further insights into the cause of this fluctuation.

The announcement, dated June 25, 2025, highlighted that CRTM is required to disclose any relevant developments that might explain the unusual movement in its share prices. The company is obliged either to share any known developments or to state explicitly that no such matters are known to them. This requirement is in accordance with Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX regulations.

According to information available from the Pakistan Stock Exchange (PSX), CRTM shares have shown a price fluctuation that classifies as a Very large or significant move. In instances of significant price-sensitive information, the PSX mandates listed companies to disseminate such information promptly to the public, ensuring transparency and market integrity.

CRTM is advised to provide sufficient information to clarify its position regarding the price movements. This information must be disseminated through the PSX's Publication of Unpublished Price Sensitive Information System (PUCARS) as per PSX Regulation 5.6.3. The company is expected to comply with these regulations to maintain investor confidence and market stability.