Karachi: Shezan International Limited, trading under the symbol "SHEZ," has experienced an unusual movement in its share prices, according to regulatory observations made by the Pakistan Stock Exchange (PSX). The development comes in light of Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, which mandate listed companies to promptly disclose any relevant information to the public in case of significant fluctuations in the price or volume of their traded securities.

The PSX has highlighted this unusual price movement in SHEZ shares during the preceding period. As per regulatory requirements, Shezan International Limited is expected to provide details concerning any matters or developments that could explain these fluctuations. Alternatively, the company must declare its lack of awareness regarding any such matters.

According to information available from the Pakistan Stock Exchange (PSX), any material or price-sensitive information likely to impact share prices or trading volumes must be swiftly communicated through the PSX. This ensures that all market participants receive timely and accurate information, as stipulated under PSX Regulation 5.6.1.

In response, SHEZ has been advised to supply sufficient information to clarify its position and the factors contributing to the unusual price movements. This information should be disseminated promptly through the PSX's Public Company Announcement and Reporting System (PUCARS) to ensure transparency and inform all stakeholders in the designated market category.