Karachi: Crescent Textile Mills Limited ("CRTM") is currently under observation by the Pakistan Stock Exchange (PSX) due to unusual movements in its share volume, as announced today. According to information available from the Pakistan Stock Exchange (PSX), this observation comes in response to trading patterns that deviated significantly from the norm during recent trading sessions.

Under the guidelines set by Section 97 of the Securities Act, 2025, and clause 5.6.3 of the PSX Regulations, Crescent Textile Mills is required to either disclose any material developments related to this unusual trading activity or to confirm that it is unaware of any such developments. This regulation aims to ensure transparency and maintain the integrity of the market by requiring timely disclosure from listed companies experiencing significant fluctuations in their stock prices or trading volumes.

The PSX has advised CRTM to provide detailed information through the Public Unlisted Company Automated Reporting System (PUCARS). This step is crucial for clarifying the situation to investors and maintaining market stability, by informing the public about any factors that may have led to the observed unusual movements in the share price.