Karachi: The Pakistan Stock Exchange (PSX) has observed a notable shift in the trading patterns of Deewan Automotive Engineering Limited (DWAE) shares. This development demands a swift response from the company to clarify any potential influences on its stock price.

In accordance with Section 97 of the Securities Act, 2015, and clause 5.6.3. of PSX Regulations, DWAE is compelled to either disclose any pertinent details related to these unusual movements or confirm the absence of such information. This requirement is aimed at maintaining transparency and informing investors about significant fluctuations.

According to information available from the Pakistan Stock Exchange (PSX), it is imperative for DWAE to act swiftly. The exchange's monitoring mechanisms flagged the abnormal activity during the preceding trading period, prompting a request for DWAE to provide relevant information or issue a statement clarifying its position.

This response is essential not only for compliance with regulatory standards but also for ensuring that the investing public remains well-informed. Under PSX Regulation 5.6.1., any material or price-sensitive information that could impact share prices must be disclosed through PSX, which then disseminates it to the public.

DWAE is now under advisement to utilize the Public Information Collection and Reporting System (PUCARS) to release the required information promptly. The timely publication of these details helps maintain market stability and protects investor interests by providing clarity on the factors driving share price movements.