Karachi: Shahzad Textile Mills Limited (SZTM) has been asked to clarify unusual movements in the price and volume of its shares, according to a letter from the Pakistan Stock Exchange (PSX) dated October 30, 2026.
The request, issued under Section 97 of the Securities Act, 2015, and PSX Regulation 5.6.3, seeks to inform all market participants about significant changes in SZTM's share activity. This regulation mandates that listed companies promptly disclose any relevant developments or state their lack of knowledge regarding the causes of unusual market movements.
According to information available from the Pakistan Stock Exchange (PSX), an unusual fluctuation in SZTM's shares was noted over a specific period. Such fluctuations are closely monitored under regulatory requirements to ensure transparency and maintain investor confidence.
The letter emphasizes SZTM's obligation to report any relevant events or confirm the absence of such developments that may have influenced the trading of its shares. As SZTM prepares its response, market participants await further details to better understand the factors contributing to these unusual market activities.
This scrutiny comes as part of routine measures by the PSX to ensure fair trading practices and protect investor interests in the market.