Karachi: AKD Securities Limited has been advised by the Pakistan Stock Exchange (PSX) to address unusual movements in its share prices observed during the preceding period. This advisory comes in accordance with the requirements outlined in Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations. These regulations mandate listed companies to promptly disclose details to the public if unusual movements in the price or volume of their traded securities are observed.

According to information available from the Pakistan Stock Exchange (PSX), the unusual movement in the price of AKD Securities Limited shares requires the company to provide specific details. The company must disclose any matter or development it is aware of that could be relevant to these price movements. If no such developments are known, the company is required to issue a statement confirming its lack of awareness of any such factors.

The PSX has emphasized the importance of immediate dissemination of material or price-sensitive information that could impact the price or volume of shares. This dissemination should occur through the PSX for its onward communication to the public, as stipulated under PSX Regulation 5.6.1.

In response to the observed market activities, AKD Securities Limited has been advised to furnish sufficient information to clarify its position regarding the unusual price movements. The clarification is expected to be promptly shared through PUCARS, the designated market category for public information, as required by PSX Regulation 5.6.3.