Karachi: The Pakistan Stock Exchange (PSX) has issued a formal request for clarification to AN Textile Mills Limited (ANTM) concerning the recent significant fluctuation in its share prices.

On September 5, 2024, PSX dispatched a letter under Section 97 of the Securities Act, 2015, and Regulation 5.6.3., directed to AN Textile Mills Limited. This communication seeks to understand the reasons behind the notable changes in the company’s share prices, as observed by the market and stakeholders. According to information available from the Pakistan Stock Exchange (PSX), the inquiry aims to ensure transparency and maintain fair trading practices within the marketplace.

The letter, marked with reference number PSX/Gen-1232, requests that AN Textile Mills provide a detailed explanation regarding the drivers of the price movement to inform all market participants. This step reflects PSX's commitment to uphold regulatory standards and protect investor interests by closely monitoring market activities and ensuring that all regulatory requirements are met.