Karachi: The shares of Saif Textile Mills Limited have shown unusual movement, prompting the Pakistan Stock Exchange (PSX) to seek clarification from the company. The request is in line with Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations, which require listed companies to disclose relevant developments affecting share prices.

According to the notification dated June 4, 2025, the PSX observed significant fluctuations in the share price of Saif Textile Mills Limited, designated under the textile market category. The exchange has requested the company to provide details of any developments that could be linked to the unusual share price activity.

"According to information available from the Pakistan Stock Exchange (PSX)," the listed companies are required to promptly disclose any material or price-sensitive information that could impact share prices or trading volumes. Failure to comply with this regulation could lead to regulatory scrutiny.

Saif Textile Mills Limited has been advised to disclose any developments or to confirm that no such matters exist, to clarify the reasons behind the unusual trading activity. The company is expected to respond through the PSX Public Information Platform as per Regulation 5.6.3 for public dissemination.

The PSX's inquiry aims to ensure transparency and protect investor interests by addressing potential causes behind the market activity observed in Saif Textile Mills Limited shares.