Karachi: The Pakistan Stock Exchange (PSX) has issued a formal letter to Elahi Cotton Mills Limited (ELCM), seeking clarification on the recent unusual movement in the price of its shares. The letter, dated October 2, 2026, requests ELCM to provide relevant information that may explain the observed fluctuations.

The inquiry follows observations by the PSX of atypical activity in ELCM's share price over the preceding period. According to information available from the Pakistan Stock Exchange (PSX), such movements necessitate a prompt response from the listed companies under Section 97 of the Securities Act, 2015, and PSX Regulation 5.6.3. These regulations require companies to disclose any developments or affirm the absence of any such developments that could account for the price changes.

ELCM has been instructed to furnish any available information that might clarify the situation, emphasizing the need for transparency and timely dissemination of material or price-sensitive information through the Publicly Unavailable Communication and Reporting System (PUCARS). This step is crucial for maintaining market integrity and ensuring that all market participants have access to the same information.

The PSX's request underscores the importance of compliance with regulatory frameworks designed to uphold fair trading practices. The market participants and stakeholders will be awaiting ELCM's response, as it may provide insights into the factors influencing the company's share price.