Karachi: Dadabhoy Cement Industries Limited (SGPL), a listed entity on the Pakistan Stock Exchange (PSX), faces regulatory scrutiny due to unusual movements observed in its share prices.

According to information available from the Pakistan Stock Exchange (PSX), the recent volatility in SGPL’s share prices has triggered a response under Section 97 of the Securities Act, 2015, and PSX Regulation 5.6.3. These regulations compel listed companies to either disclose any relevant developments that could influence their stock prices or assert the absence of such knowledge.

SGPL is now required to furnish details concerning any known matters or assert their unawareness of any developments that could have led to the recent significant fluctuations in their share prices. This regulatory mechanism is designed to maintain transparency in the financial markets and protect investor interests by ensuring that all material information is promptly disclosed.

In line with PSX Regulation 5.6.3., SGPL must promptly communicate any relevant information through the PSX’s Public Information Collecting and Retrieval System (PLICARS) to clarify the reasons behind the unexpected movements in its stock values.