Karachi: In a recent regulatory move, the Pakistan Stock Exchange (PSX) has reached out to Flying Cement Company Limited (FLYNG) requesting clarification regarding the substantial volatility in its share price.

The formal request, issued on September 5, 2024, falls under Section 97 of the Securities Act, 2015, and PSX Regulation 5.6.3. This action was taken in response to significant shifts in the share price of Flying Cement, aiming to gather insights and explanations from the company for the benefit of market participants. According to information available from the Pakistan Stock Exchange (PSX), this inquiry is part of ongoing efforts to ensure market stability and uphold regulatory compliance.

The letter, identified as PSX/Gen-1232, emphasizes the exchange's commitment to maintaining an orderly market environment and protecting investor interests by scrutinizing unusual market activities and requiring timely disclosures from listed companies.