Islamabad: The Pakistan Stock Exchange (PSX) has flagged an unusual movement in the share price of Thal Limited (THALL), prompting a call for clarity from the company in line with regulatory requirements.

On a recent trading day, Thal Limited, a prominent listed company on the PSX, witnessed significant fluctuations in its share price. According to information available from the Pakistan Stock Exchange (PSX), this movement drew the attention of market regulators, who are now seeking explanations from Thal Limited to ensure transparency and compliance with the Securities Act, 2015, and PSX Regulations.

The Securities Act and the PSX Regulations mandate that listed companies must promptly disclose any material information that could influence their stock prices. This includes any known developments that might explain sudden changes in market valuations. The observed volatility in Thal Limited's shares falls under the scrutiny of Section 97 of the Securities Act and clause 5.6.3 of the PSX Regulations, which together require a swift response from the company either detailing the relevant developments or stating a lack of awareness of any such matter.

In response to the observed fluctuations, PSX has formally advised THALL to provide adequate information to the public. This action underscores the ongoing efforts by PSX to maintain market integrity and protect investor interests by ensuring that all pertinent information is timely shared through the appropriate regulatory channels.

As the situation unfolds, the investment community remains attentive to how Thal Limited will address the regulatory concerns and what information will be disclosed regarding the unusual movements in its share price.