Karachi: Dewan Textile Mills Limited (DWTM) has been advised to disclose any relevant information that may explain the recent unusual movements in the price and volume of its shares. This action comes in response to a notable change observed during the preceding period.

The requirement, mandated under Section 97 of the Securities Act, 2015, and clause 5.6.3. of PSX Regulations, stipulates that listed companies must respond swiftly if unusual movements in the price or volume of their traded securities are detected. Companies must either provide details of any known matters that could influence these movements or declare unawareness of such developments.

According to information available from the Pakistan Stock Exchange (PSX), this regulatory action underscores the need for transparency and timely information dissemination to maintain market stability and investor trust. Specifically, DWTM is expected to use the PSX's Public Companies Accounting and Reporting System (PUCARS) to release any material information that could potentially affect the market dynamics of its shares.

In cases where material or price-sensitive information exists that is likely to impact share price or volume, the PSX Regulation 5.6.1. requires that this information be promptly communicated through PSX for further public dissemination. The observed price movement in DWTM's shares necessitates a comprehensive and prompt disclosure to clarify the underlying causes, ensuring that all market participants remain well-informed.