Karachi: The Pakistan Stock Exchange (PSX) has initiated an inquiry into the recent unusual price movements of Imperial Limited's (IML) shares.

On September 5, 2024, PSX issued a notice under Section 97 of the Securities Act, 2015, coupled with PSX Regulation 5.6.3., directed at Imperial Limited. The notice seeks an explanation from the company regarding the significant fluctuations in its share price, reflecting the exchange's proactive approach to monitoring market activities. According to information available from the Pakistan Stock Exchange (PSX), this step is part of a broader strategy to ensure transparency and regulatory compliance in trading activities.

The letter, referenced as PSX/Gen-1232, requests that Imperial Limited provide detailed insights into the factors influencing its share price, aiming to inform and protect market participants. This regulatory scrutiny is designed to maintain market integrity and safeguard investor interests against undue market volatility.