Karachi: The Pakistan Stock Exchange (PSX) has flagged unusual price movements in the shares of Buxly Paints Limited ("BUXL"), leading to a regulatory notice under the Securities Act, 2025 and PSX Regulation 5.6.3. According to information available from the Pakistan Stock Exchange (PSX), these fluctuations were noted during the recent trading sessions, prompting a closer examination by market authorities.

Under Section 97 of the Securities Act and clause 5.6.3 of the PSX Regulations, Buxly Paints is mandated to either provide details about any known developments that could have influenced these price changes or to issue a statement confirming the absence of any such developments. This requirement is designed to ensure transparency and maintain fairness in the market by keeping all investors informed about significant price movements.

The PSX has advised BUXL to communicate any pertinent information through the Public Unlisted Company Automated Reporting System (PUCARS) as soon as possible. This step is crucial for clarifying the reasons behind the significant price movements to the public and for maintaining the integrity of the trading environment.