Karachi: In compliance with Section 97 of the Securities Act, 2015 and clause 5.6.3 of Pakistan Stock Exchange (PSX) Regulations, Paramount Spinning Mills Limited ("PASM") has been advised to publicly address the recent unusual movements observed in the pricing of its shares.

According to information available from the Pakistan Stock Exchange (PSX), the exchange has noted a significant fluctuation in the price of PASM shares during the recent period. This observation falls under the provisions that mandate listed companies to disclose any known factors that could influence such volatility or, alternatively, to confirm the absence of any identifiable causes.

The regulations require that if a listed company identifies any material or price-sensitive information that could impact share price or volume, it must promptly disseminate this information through PSX for public distribution as outlined under PSX Regulation 5.6.1. The urgency and transparency in communication are crucial to maintaining fair trading practices and investor trust.

In response, PASM must now provide sufficient details to clarify the circumstances leading to the noted price movements of its securities. This disclosure is essential not only for compliance with regulatory standards but also for ensuring that all market participants are equally informed about significant developments that may affect market dynamics.