Karachi: The Pakistan Stock Exchange (PSX) has noted a significant fluctuation in the share price of Khalid Siraj Textile Mills Limited (KSTM) recently. In accordance with Section 97 of the Securities Act, 2015, and PSX Regulation 5.6.3., KSTM has been advised to disclose any material information that may explain this unusual movement.
According to information available from the Pakistan Stock Exchange (PSX), the observed price volatility demands a prompt response from KSTM to maintain market integrity and investor trust. As per the regulations, KSTM must either disclose any relevant developments that might influence its share price or confirm the absence of any such material information.
KSTM is expected to use the PSX’s Public Unlisted Company Automated Reporting System (PUCARS) to release the required information. This ensures that all market participants are equally informed, preventing any speculative trading based on undisclosed information.
This directive underscores the importance of transparency and timely communication in maintaining fair trading practices on the stock exchange.