Karachi: An unusual movement has been detected in the shares of Zahidjee Textile Mills Limited (“ZAHID”), raising concerns among investors and stakeholders. As of May 20, 2026, the Pakistan Stock Exchange (PSX) observed a notable change in the price of ZAHID’s shares, prompting a requirement for the company to clarify any underlying reasons for this shift.

Zahidjee Textile Mills Limited has been called upon to disclose any relevant developments or confirm its lack of awareness of any such factors that might have influenced the unusual movement, as per Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations. These regulations mandate listed companies to respond promptly to significant fluctuations in their traded securities by making pertinent information available to the public.

According to information available from the Pakistan Stock Exchange (PSX), the unusual price movement in ZAHID’s shares occurred during the preceding period. The exchange has emphasized the need for the company to adhere to PSX Regulation 5.6.1, which requires the swift dissemination of any material or price-sensitive information that could impact share prices or trading volumes.

ZAHID is advised to provide comprehensive information available to it to clarify its position on the matter. The company is expected to use the PUCARS platform to promptly furnish the necessary details for public access, ensuring transparency and maintaining investor confidence in the market.