Karachi: Dewan Automotive Engineering Limited (DWAE) has been advised to address an unusual movement in the price of its shares as observed by the Pakistan Stock Exchange (PSX). The observation was made in accordance with Section 97 of the Securities Act, 2015 and clause 5.6.3 of PSX Regulations, which obligate listed companies to disclose any relevant developments or to confirm the absence of such information.

The PSX has noted this unusual movement during the preceding period, prompting DWAE to provide clarity on the matter. This requirement is part of the broader regulatory framework ensuring transparency and timely public dissemination of material or price-sensitive information that could affect stock prices or trading volumes.

According to information available from the Pakistan Stock Exchange (PSX), DWAE is now expected to share any pertinent information it possesses that could explain the irregular stock activity. This information must be disseminated through the Publicly Accessible Corporate Announcements Reporting System (PUCARS) to ensure public awareness, in line with PSX Regulation 5.6.1.

The designated market category for DWAE remains vigilant to further updates, as stakeholders await the company's response to the PSX advisory, aimed at maintaining market integrity and investor confidence.