Karachi: In a move to ensure transparency within the trading environment, the Pakistan Stock Exchange (PSX) has contacted Ali Asghar Textile Mills Limited (AATM) concerning significant fluctuations in its share price. This inquiry, formalized in letter No. PSX/Gen-1232 dated September 05, 2024, aligns with the stipulations of Section 97 of the Securities Act, 2015 and PSX Regulation 5.6.3.

According to information available from the Pakistan Stock Exchange (PSX), this regulatory step is part of PSX's ongoing efforts to maintain fair and orderly market conditions by closely monitoring trading activities. The exchange has requested AATM to provide a detailed explanation for the recent movements in its share price, which have caught the attention of market participants and regulatory bodies alike.

This inquiry is essential not only for informing investors but also for maintaining the integrity of the market by ensuring that all significant financial movements are properly scrutinized. The outcome of this interaction will help to ensure that the market operates with a high level of transparency and that stakeholders are kept well-informed.