Karachi: Gulistan Spinning Mills Limited (GUSM) has been advised to disclose any information that could explain the recent unusual movements in the price of its shares, as observed by the Pakistan Stock Exchange (PSX). According to information available from the Pakistan Stock Exchange (PSX), this notice follows the procedures outlined in Section 97 of the Securities Act, 2025 and clause 5.6.3 of the PSX Regulations.

The regulations mandate that listed companies must respond promptly if there are significant and unusual fluctuations in the price or volume of their securities. Companies are either to disclose any material development they are aware of that might be influencing their securities' behavior, or to clearly state that they are not aware of any such developments.

Recently, PSX noticed an unexplained variation in the share price of GUSM, triggering a request for GUSM to provide a detailed account. The company is required to disseminate this information through the PSX’s Public Companies Reporting System (PUCARS), ensuring transparency and maintaining market stability.

The compliance with PSX Regulation 5.6.3. is crucial as it helps protect investors and maintain fair trading practices by ensuring that all material information which could influence market prices is made available to the public in a timely manner.